Full Show Podcast: 29 May 2026
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What are the main highlights of Budget 2026?
the newsmakers and the personalities the big names talk to mike the mike hosking breakfast with bailey's real estate 100 kiwi owned and operated news talk zb morning and welcome today nicola willis winston peters on you know what the new season for dairy the forecast already a golden richie barnett ahead of the warriors of course katie and tim uh richard arnold murray olds they round out the a-list for us this friday as well Welcome to the day. Seven past six. So I asked for the surplus to arrive sooner than previously forecast. And as though she was listening this time yesterday, the first words out of Nicola Willis's mouth was it will be a year ahead of schedule. You can't ask for more than that.
That's not an election year lolly, but I'm increasingly of the belief that a growing number of New Zealanders have got the message at last. A growing number of us have been shaken by the into the cold hard reality that nine billion dollars a year in debt servicing is absurd and it can't continue we need to cut our cloth and that in many respects was what yesterday was about it's probably brave in election year to run things this type but it's also the adult thing to do so the message politically is stark you want free stuff the current government aren't really for you you want grown-ups paying for life as we earn it this may be the lot that gets your vote i do worry about health i mean yes health was a big multi-billion dollar winner
And the hardware, the facilities, you know, the equipment needs to spruce up. And yes, bits and parts are squeezed. But the health bill for 5 million people seems amazing to me and not in a good way. There's got to be savings in there somewhere. I didn't use my $17,000 last year. So somebody did $17,000 for every single house in this country.
How does the Finance Minister respond to the budget's reception?
It's not right. The road improvements and the tricky bits of the country are like that. Build them properly. Deal to the future. Don't patch it up. We already know about education. A revolution is on, and we'll be all better off for it. You know I'm a trades fan. Big wins for good old-fashioned but increasingly important jobs. Not every kid wants a BA. And even if they did get one, doesn't mean there's a job waiting. The world will always want a sparky or a mechanic. There were the basics, the rationale, the logic. There was a good message about three parties doing collegial work. There were wins for each of them, all mixed up with the overarching message that the madness fiscally has stopped.
What are the implications of the surplus arriving earlier than expected?
The reality has arrived. But, but also there, big picture, get this right. This is a place that has its best days ahead of it. I liked it. An easy 7 out of 10.
News of the world in 90 seconds.
Good news, bad news, story on the Iran business. Bad news, bit of back and forth overnight militarily. The U.S. took out what they said were five one-way attack drones that they said were going to pose a threat in and around the Strait of Hormuz hours after we saw the Iranians launched a ballistic missile, according to CETCOM, towards Kuwait. Good news, Axios says they've got a deal of sorts. I'll come to that in a moment. On the ground in Lebanon, meantime, they're a little bit over the old Israeli approach to the ceasefire.
Lebanon is being subject to fierce aggression by the Israeli military, on the other hand, by Iran through its control of Hezbollah. So Lebanon is tough between both of them.
How does Winston Peters view the budget's impact on the trades sector?
Meat in the sandwich. The other thing the American administration is dealing with this morning is this ongoing ice mess. This time we're in Newark. Mark Wayne, the DHS bloke, has got a plan. We're not going to halt the flights. What we're saying is we just won't be able to process them because we don't have officers there. We're going to have to pull out our Customs and Border Patrol officers that process these flights and put them in these facilities to help protect our employees coming out of work. So as far as Ebola goes, by the way, it's not going very well. We have multiple unknown chains of the virus and contact tracing remains at 35% and case identification is challenging because of the complex environment that we're operating in.
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Chapters
8 chapters
1
What are the main highlights of Budget 2026?
0:00–1:33
2
How does the Finance Minister respond to the budget's reception?
1:33–2:05
3
What are the implications of the surplus arriving earlier than expected?
2:05–3:05
4
How does Winston Peters view the budget's impact on the trades sector?
3:05–4:10
5
What are the economic forecasts discussed by the economist guest?
4:10–4:52
6
How does the budget address health spending and its effectiveness?
4:52–5:40
7
What are the reactions to the proposed bank levy?
5:40–6:28
8
What insights are shared about the upcoming Music Awards?
6:28–1:30:20
Speakers
6 identifiedMore from The Mike Hosking Breakfast
Mike's Minute: The BSA legislation should have been delivered sooner
Pollies: National's Mark Mitchell and Labour's Ginny Andersen on National's anti-Labour crime ads, Labour's u-turn on the landlord tax cut, last week in the House
Steve Smith: Master of Wine on New Zealand Chardonnay outscoring top Burgundies in a global blind taste test
Full Show Podcast: 23 September 2026
Andrew Fairgray: 2degrees Chief Business Officer on the company posting $1.46 billion in revenue
Nicola Willis: Finance Minister on the independent review into the Reserve Bank's performance during Covid