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The Mike Hosking Breakfast

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The Mike Hosking Breakfast
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  • Mike's Minute: It's time - cap the rates and can some councils
    So having looked at every council in the country and the pending rate rises we are all going to have to pay, a couple of inescapable conclusions are to be drawn. 1) We need central Government to cap rates. 2) We need fewer councils. If you were to roughly use inflation as a guide, Waitomo and Whanganui are your only councils to get under the wire at 2.93 % and 2.2% – so congratulations to them. I'm sure every council could, and would, mount an argument as to why whatever it is they have come up with, whether it be the 12.9% in Taranaki or the 15.5% in Hamilton, is in some way, shape, or form, justifiable. A lot of it will be historic. In other words, if previous councils had done their job and been fiscally prudent the work being undertaken today would not be the current burden it is. But a lot of it if you were DOGE-like, or brutal, would not in fact be needed at all. Councils have become fiefdoms. They have entered areas they have no business in, but like so much in life, once you have ventured there is no turning back. Apart from the specific, like the 9.76% for Otorohanga or the 12.4% for Central Otago, you also have the more general impact. In other words, you are adding cost to the economy, and you are charging fixed-income folk who don’t have the money. What you are doing is inflationary. None of us have the ability to simply add more charges. We don’t simply get the pay rise we want, or up our hourly rate to the poor sap we are servicing. Life isn't like that. We cut our cloth. Could we buy more? Could we do more? Could we spend more? Of course we could, but we can't. Unless you're a council. Even if a council could say "look at what all that money got you, look at the gold plating and the shiny baubles and the tens of thousands who have flocked to our region because of our expenditure", but they can't say that because none of that has happened. 15% doesn’t buy you utopia. It merely sets you up for another 15% next year because councils know a sucker when they see one. So, cap those rates and can those councils. It might well be the most popular thing this central Government does in three years. See omnystudio.com/listener for privacy information.
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  • Antonia Watson: ANZ CEO on the bank lending less to businesses than it did five years ago
    New Zealand’s largest bank is lending less cash to businesses than it was half a decade ago. Figures from the Reserve Bank show a softening across all bank business lending since the pandemic, with ANZ the only one going backwards. The overall growth rate across all banks has slowed to just 1.5%, down from 6% in 2013. ANZ CEO Antonia Watson told Mike Hosking much of the drop is caused by a decrease in lending to commercial property. She says their decision was to support their existing customers through rising interest rates and tougher circumstances as opposed to taking on new customers. However, she confirmed the bank is back to taking on new customers. LISTEN ABOVE See omnystudio.com/listener for privacy information.
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  • Full Show Podcast: 24 June 2025
    On the Mike Hosking Breakfast Full Show Podcast for Tuesday 24th of June, our golden visa has done better in the last few months than it had under two and a half years of Labour. People want to come here, and they are bringing millions of dollars with them. Local Government NZ respond after Christopher Luxon and Shane Jones proposed getting rid of regional councils. All Blacks coach Scott Robertson tells Mike what he's been doing during the offseason and his expectations for the 2025 season. Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVE See omnystudio.com/listener for privacy information.
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  • Scott Robertson: All Blacks Coach on the naming of the squad to face France
    Scott Robertson has called up five new faces for his first All Blacks class of 2025, with his 35-man squad for next month’s series against France named. All Blacks regulars Dalton Papali'i, Ethan Blackadder and David Havili have been left out of the squad instead. The trio’s exclusion comes with the inclusion of Ollie Norris, Brodie McAlister, Fabian Holland, Timoci Tavatavanawai, and Du'Plessis Kirifi. Coach Scott Robertson says it wasn't easy to leave out players like Papali'i, Blackadder, and Havili. He told Mike Hosking that you need to give opportunities to players over this period of time and get to know what they’re going to be like in action. LISTEN ABOVE See omnystudio.com/listener for privacy information.
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  • Sam Broughton: Local Government NZ on the possibility of a rates cap for local governments
    The leader of the country's local government association says there's global evidence a rates caps can have detrimental effects. The Government's mulling a cap as part of its wider reform to refocus local government. Sam Broughton —Mayor of Selwyn District Council and Local Government NZ President— says if core infrastructure like water and transport aren't included in a cap, it can lift a council's borrowing costs. He told Mike Hosking Australia is seeing the negatives: New South Wales has a cap, and has seen higher rates increase than those states without one. LISTEN ABOVE See omnystudio.com/listener for privacy information.
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About The Mike Hosking Breakfast

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.
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