Over in the UK, household  energy prices will rise by 13 percent a year in July, as soaring wholesale costs caused by the impact of the Iran war hit bills for the first time.

Energy costs have jumped as a result of Iran blocking the crucial Strait of Hormuz shipping route - where a fifth of the world's oil and gas is carried.

UK correspondent Gavin Grey says even if the Strait was unblocked tomorrow, this conflict would still leave a significant economic impact. 

LISTEN ABOVE

Over in the UK, household &nbsp;energy prices will rise by 13 percent a year in July, as soaring wholesale costs caused by the impact of the Iran war hit bills for the first time.
Energy costs have jumped as a result of Iran blocking the crucial Strait of Hormuz shipping route - where a fifth of the world's oil and gas is carried.
UK correspondent Gavin Grey says even if the Strait was unblocked tomorrow, this conflict would still leave a significant economic impact.&nbsp;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Gavin Grey: UK correspondent on energy bills going up as a result of the Iran war

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/faf6b2b3-3a4f-439a-87f7-b45700853dc3/transcript

Accountants are hopeful the Government will use the Budget to do something about the secret little wealth tax those with offshore investments are currently paying.

As it stands, most people with more than $50,000 directly invested in assets offshore, including shares in companies listed on stock exchanges, need to pay tax on a portion of the value of their investments, regardless of if they receive income from those investments.

Those who invest in shares in New Zealand companies or New Zealand-domiciled funds only need to pay tax on the income they receive from their investments.

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

LISTEN ABOVE

Accountants are hopeful the Government will use the Budget to do something about the secret little wealth tax those with offshore investments are currently paying.
As it stands, most people with more than $50,000 directly invested in assets offshore, including shares in companies listed on stock exchanges, need to pay tax on a portion of the value of their investments, regardless of if they receive income from those investments.
Those who invest in shares in New Zealand companies or New Zealand-domiciled funds only need to pay tax on the income they receive from their investments.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor speculates ahead of Budget 2026

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/976745c4-63e5-4391-bba7-b45700833a7a/transcript

The Reserve Bank has opted to keep the OCR on hold at 2.25 percent today.

Most markets had priced in a hold, but the views on what will happen next are split, especially considering concerns around inflation. 

Milford Asset Management's Remy Wisenberg explained further.

LISTEN ABOVE

The Reserve Bank has opted to keep the OCR on hold at 2.25 percent today.
Most markets had priced in a hold, but the views on what will happen next are split, especially considering concerns around inflation.&nbsp;
Milford Asset Management's Remy Wisenberg explained further.
LISTEN ABOVE

Remy Wisenberg: Milford Asset Management expert on the market reactions to the OCR staying in place

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2a3687ed-2617-4521-a906-b45700822019/transcript

Tonight on The Huddle, Kiwiblog's David Farrar and Jack Tame from ZB's Saturday Mornings and Q&A joined in on a discussion about the following issues of the day - and more! 

The Reserve Bank has left the OCR in place at 2.25 percent, but it's likely a rise is in the cards within the next few months. When do we think things will change? 

Should an MP get $36,000 to stay in a home he's owned for 26 years? Do some rules need to be adjusted? 

Should we help keep Moana Pasifika alive? Can we afford to? 

LISTEN ABOVE

Tonight on The Huddle, Kiwiblog's David Farrar and Jack Tame from ZB's Saturday Mornings and Q&amp;A joined in on a discussion about the following issues of the day - and more!&nbsp;
The Reserve Bank has left the OCR in place at 2.25 percent, but it's likely a rise is in the cards within the next few months. When do we think things will change?&nbsp;
Should an MP get $36,000 to stay in a home he's owned for 26 years? Do some rules need to be adjusted?&nbsp;
Should we help keep Moana Pasifika alive? Can we afford to?&nbsp;
LISTEN ABOVE

The Huddle: Should we help keep Moana Pasifika alive?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c6c4cddb-4e02-42a2-81ee-b45700809d15/transcript

Gavin Grey: UK correspondent on energy bills going up as a result of the Iran war

In 1 playlist(s)

Heather du Plessis-Allan Drive

Social links

Follow podcast

Recent clips