The SME Stream

Opposition leader Chris Hipkins wouldn’t confirm his party’s commitment of returning the $13 billion taken from pay equity schemes by the National Party. Half of the new spending in the budget came from these cuts. His colleague Barbara Edmonds, however, says Labour’s committed to finding the money. Political Editor Jason Walls talks to Heather du Plessis-Allan about the confusio...

In a bid to boost Kiwis' retirement savings, the Government is increasing the default KiwiSaver contribution rate to 3.5 percent next year and then 4 percent by April 2028.  The scheme will also be extended to 16 and 17-year-olds from April 1, 2026 - they will need to opt in, as the automatic enrolment will remain at 18. The Government contribution rate, however, will reduce by half, from 50c...

It’s one of the curious things about the structure of modern liberal democracies.  Whether its sharemarkets or political cycles or even media coverage, a lot of the big forces that shape our society are influenced by short-term incentives.   It gets us into all sorts of pickles. Take the Three Waters and the crisis with water infrastructure in New Zealand. The main reason we find o...

Finance Minister Nicola Willis has hit go on commercial building developments, oil and gas exploration, dam builders and more. In a new investment boost programme, businesses can now deduct twenty percent off the cost of a new asset. There’s no cap on how much the asset can cost. Deloitte Tax Partner Robyn Walker talks to Heather du Plessis-Allan about the new scheme. LISTEN ABOVE. The podca...

A view that new sanctions for beneficiaries failing to meet jobseeker obligations, are "sensible." The changes, as part of the Government's traffic light system, are being rolled out today. It includes money management - which puts half of someone's benefit onto a payment card, that can only be used at approved stores for four weeks. Former Welfare Expert Advisory Panel Member, Phil O'Reilly told...

Let's talk about this business with the pension age. Chris Luxon has said today twice that he wants the pension age to go up to 67. He said it once on Kerre’s show this morning, and then at a post-budget lunch speaking to business leaders, he repeated it and he told them that this is basically going to be election policy for National next year. Now, regardless of how you may feel about this,...

KiwiSaver.  I was thinking about this at the weekend. I get why the government is doing the old switcharoo. I get it. Means test the government sweet we, halve it for everyone else… save some money.  Then we workers… and our employers… will slowly put more into the scheme… So that when it all comes out in the wash, we’re at least no worse off than before...

An increase in default KiwiSaver contribution rates announced in Thursday's Budget could leave some households better off for retirement - but experts warn not everyone will benefit. The Government will halve the member tax credit available to people who contribute at least $1042 in a year to $260.72. Fisher Funds expert Sam Dickie explains further.  LISTEN ABOVE The podcasts in the SME&...

The Prime Minister's keen to raise the retirement age -- but it's not possible in coalition with New Zealand First. The Government is halving its KiwiSaver contribution rate -- and canning if people earning more than 180-thousand dollars. The default rate of worker and business contributions to KiwiSaver will rise over time. Chris Luxon told Kerre Woodham pushing out the retirement age to 67 makes...

 [VIDEO EPISODE ON YOUTUBE & SPOTIFY] Tourism Holdings rushed hundreds of camper vans across the Canadian border to dodge reciprocal tariffs. But it’s now battling another issue – a decline in US tourism. The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not nece...

The coalition Government has unveiled its second Budget. Over 20 billion dollars in savings has been found over the next four years, more than half from controversial changes to our pay equity scheme. There are changes to KiwiSaver contributions, means testing for support for parents, and a major new tax incentive for businesses. Finance Minister Nicola Willis said that it is a “responsible...

The Finance Minister is defending her budget and growth agenda, despite a surplus being some years away. The Government's books aren't set to return to surplus until 2029. Nicola Willis says that surplus is coming despite disruption on the world stage. She told Mike Hosking alongside spending cuts they're also investing to encourage businesses to grow. Willis says the biggest risk to getting back...

Isn't it cruelly, cruelly ironic that yesterday we were talking about just how tough it is in retail, and we have the news that after 145 years, Smith and Caughey's, the last of the great, grand department stores, famous for the high-end goods, the beautiful Christmas window displays, will close its doors for the final time by July 31st. Ninety-eight jobs will be lost, but it's more losing a basti...

Officially dubbed the “Growth Budget” - unofficially, the “no BS Budget” - Finance Minister Nicola Willis has unveiled where New Zealand's dollars are being spent.  From the outset, she promised no frills or excess – saying for months there’s very little left in the kitty.  Big changes include cuts to Government KiwiSaver contributions, means testing o...

Labour leader Chris Hipkins has been quick to voice his concerns with the 2025 Budget. Hipkins took aim at the pay equity changes - and opposed the new initiatives around oil and gas. "If you think about it - it's saying to women that they're worth less, it's saying to all working New Zealanders that your KiwiSaver, when you reach retirement, will be worth less." LISTEN ABOVE The podcasts in the&n...

A view suggests says yesterday's Budget is highlighting New Zealand's fiscal realities. It found more than 21-billion dollars in savings - including nearly 13-billion from its pay equity changes. Despite the many cuts - the Government isn't forecasting New Zealand to return to a surplus until 2029. Infometrics Principal Economist Brad Olsen told Mike Hosking reaching that will be touch and go. He...

The primary sector's going gangbusters, with a billion-dollar monthly trade surplus for the first time in five years.  Stats NZ data reveals it sat on $1.4 billion in April, compared with a $12 million deficit for the same time last year.  The dairy sector's been the big winner.  Federated Farmers Dairy Chairperson Richard McIntyre told Ryan Bridge a lot of dairy farmers have smiles...

An oil and gas lobby group is celebrating the Government's 200 million dollars for gas fields. Resource Minister Shane Jones announced the money would be used to co-invest with developers to start new fields. Energy Resource Aotearoa Chief Executive John Caregie told Mike Hosking it's a positive signal to the sector. He says it will tilt the economic signals from negative to neutral. LISTEN ABOVE...

As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina Shrimpton each week as she gives you a rundown of the biggest stories that could impact on your business, so you can make informed decisions with expert advice. This week, The government delivers “no BS” by keeping the purse strings tight on budget day, the effect of Trump&rsq...

Litmaps, a Wellington-based startup that’s just raised $1 million in a Series A funding round, is redefining how scientists navigate the sea of academic literature by merging citation network analysis with generative AI.  Founded in 2016 by Axton Pitt and Kyle Webster, the platform now serves over 2 million researchers globally, including institutions like Harvard, Stanford, and the Uni...

This week, Liam is joined by Mat Croad and Nick Marshall, co-founders of RTD business Pals, to discuss how a previous failure informed their meteoric rise in the drinks world, growing up in Tauranga together, and the different career paths they took before working together.  The podcasts in the SME Stream contain general information only, not financial or professional advi...

There's a belief New Zealand's entering the early stages of an export-led recovery.   Stats NZ data reveals it's at $1.4 billion in April, compared with a $12 million deficit last year.  The dairy sector's been the big winner, up $601 million to $2.2 billion.   Former Finance Minister Steven Joyce told Mike Hosking it's promising on the back of a tough three years in the sector. &nb...

Tonight on The Huddle, Conor English from Government relations firm Silvereye and broadcaster Mark Sainsbury joined in on a discussion about the following issues of the day - and more!  Should Tonkin + Taylor sack the staffer who was caught heckling Winston Peters?  Waitakere Hospital ED raised some eyebrows when they started handing out vouchers for patients to go to urgent care clinics...

I don't know where the Head of Research at JLL, the commercial property company, I does his shopping, but it cannot be anywhere that I go. If you've ever wondered what the definition of gaslighting is, you may well have heard it this morning. Chris Dibble —the Head of Research at JLL— was on the wireless claiming that we have a critical under-supply of retail space in this country, and...

Mastercard has recently released a survey showing a significant amount of Kiwis want credit card surcharges banned. The data shows 61 percent of respondents would support a ban and 75 percent don't believe surcharges are fair - and 44 percent feel retailers should absorb the costs. Consumer NZ's Acting Head of Research and Advocacy, Jessica Walker, says the surcharge debate is a complicated topic....