New Zealand First is heading into the election with a plan to break up the supermarket duopoly.

If re-elected, the party's promising to split Foodstuffs into two nationwide co-operatives - one for New World and Four Square, and the other for Pak'nSave.

Consumer NZ says the current Government's efforts to encourage a third player into the market have largely been unsuccessful. 

Head of Advocacy and Research, Gemma Rasmussen, has raised questions over this plan - and indicated it might not be the best solution to rising food prices.

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New Zealand First is heading into the election with a plan to break up the supermarket duopoly.
If re-elected, the party's promising to split Foodstuffs into two nationwide co-operatives - one for New World and Four Square, and the other for Pak'nSave.
Consumer NZ says the current Government's efforts to encourage a third player into the market have largely been unsuccessful.&nbsp;
Head of Advocacy and Research, Gemma Rasmussen, has raised questions over this plan - and indicated it might not be the best solution to rising food prices.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Gemma Rasmussen: Consumer NZ Head of Advocacy and Research on NZ First's plan to break up the supermarket duopoly

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4bd23498-f56b-4506-ac2e-b432007a3b0e/transcript

Inflation was higher than it should be, even before factoring in the full impact of the war on Iran. 

Stats NZ data shows the inflation rate remained unchanged at 3.1% in the March quarter. 

Internationally driven tradeable inflation dipped to 2.5% and the domestically driven non-tradeable rate was unchanged at 3.5%. 

The Herald's Liam Dann told Kerre Woodham these figures come before fuel rises really kicked off. 

He says it's disappointing we aren't heading into that crisis in a better position. 

LISTEN ABOVE 

Inflation was higher than it should be, even before factoring in the full impact of the war on Iran.&nbsp;
Stats NZ data shows the inflation rate remained unchanged at 3.1% in the March quarter.&nbsp;
Internationally driven tradeable inflation dipped to 2.5% and the domestically driven non-tradeable rate was unchanged at 3.5%.&nbsp;
The Herald's Liam Dann told Kerre Woodham these figures come before fuel rises really kicked off.&nbsp;
He says it's disappointing we aren't heading into that crisis in a better position.&nbsp;
LISTEN ABOVE&nbsp;

Liam Dann: NZ Herald Business Editor on the Consumer Price Index remaining at 3.1%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/032ddaf2-dbe4-45c4-96c0-b4330011618d/transcript

US President Donald Trump's accused Iran of completely violating its ceasefire agreement - with the Strait of Hormuz closed again.

Iran's fired shots at ships in the Strait over the weekend, and has warned it'll stay closed until the US lifts its blockade.

Harbour Asset Management expert Shane Solly revealed how these developments could impact markets.

LISTEN ABOVE

US President Donald Trump's accused Iran of completely violating its ceasefire agreement - with the Strait of Hormuz closed again.
Iran's fired shots at ships in the Strait over the weekend, and has warned it'll stay closed until the US lifts its blockade.
Harbour Asset Management expert Shane Solly revealed how these developments could impact markets.
LISTEN ABOVE

Shane Solly: Harbour Asset Management expert on how markets have reacted to the fractious ceasefire news in the Middle East

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/293a0d46-9078-4279-a80b-b43200840862/transcript

KiwiSaver hardship withdrawals have spiked to their highest in a decade last month, amid rising fuel prices.

According to the IRD, more than 5600 people withdrew their savings due to financial hardship - the second-highest amount ever since August 2016.

Over 49 million dollars was withdrawn, a 12.6 percent increase from March last year.

Simplicity chief economist Shamubeel Eaqub says the cost of living crisis, and the recent spike in job losses and business closures have all cumulated into the current increase.

"Mostly, what we're seeing at Simplicity is just that people have lost their jobs, they've lost their businesses, or they can't repay their mortgage - it's kind of life stuff. But the recession has real human cost." 

LISTEN ABOVE

KiwiSaver hardship withdrawals have spiked to their highest in a decade last month, amid rising fuel prices.
According to the IRD, more than 5600 people withdrew their savings due to financial hardship - the second-highest amount ever since August 2016.
Over 49 million dollars was withdrawn, a 12.6 percent increase from March last year.
Simplicity chief economist Shamubeel Eaqub says the cost of living crisis, and the recent spike in job losses and business closures have all cumulated into the current increase.
"Mostly, what we're seeing at Simplicity is just that people have lost their jobs, they've lost their businesses, or they can't repay their mortgage - it's kind of life stuff. But the recession has real human cost."&nbsp;
LISTEN ABOVE

Shamubeel Eaqub: Simplicity chief economist on the increase in KiwiSaver hardship withdrawals

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/59bd52c6-01ab-404b-bd79-b430017c1d39/transcript

Gemma Rasmussen: Consumer NZ Head of Advocacy and Research on NZ First's plan to break up the supermarket duopoly

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