The OCR has increased to 2.5%, the highest rate since 2016, and the Consumer price index is expected to increase with results released this week. CTU Economist Craig Renney thinks more needs to be done for low-income families as their budgets shrink. Craig Renney joins the Weekend Collective to discuss the cost of living crisis and how the government can support low income families. 
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The OCR has increased to 2.5%, the highest rate since 2016, and the Consumer price index is expected to increase with results released this week. CTU Economist Craig Renney thinks more needs to be done for low-income families as their budgets shrink. Craig Renney joins the Weekend Collective to discuss the cost of living crisis and how the government can support low income families.  LISTEN ABOVE

Newstalk ZB serves up what you need to know, on all things politics at home, and abroad. The show reviews, previews, analyses and challenges the biggest political issues of the week, with all the big players.

Politics Central

The OCR has increased to 2.5%, the highest rate since 2016, and the Consumer price index is expected to increase with results released this week. CTU Economist Craig Renney thinks more needs to be done for low-income families as their budgets shrink....

Craig Renney: We have to tackle inflation for low income families

Winston Peters has delivered NZ First's State of the Nation address - the final one ahead of the looming election. 

Peters also announced a National Energy Strategy that would break up power companies, no longer allowing them to control both power and the price. 

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Winston Peters has delivered NZ First's State of the Nation address - the final one ahead of the looming election.&nbsp;
Peters also announced a National Energy Strategy that would break up power companies, no longer allowing them to control both power and the price.&nbsp;
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Liam Hehir: NZ First in solid position ahead of election

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/46c6e2c2-9882-45d2-90f4-b415002ca5b5/transcript

New Zealand has just over 50 days worth of petrol, and a week less of diesel, while the war in Iran wages on. 

The closure of the Strait of Hormuz continues to impact the global oil supply, and the countries we generally import oil from are considering closing up shop on exports to ensure their own security.

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New Zealand has just over 50 days worth of petrol, and a week less of diesel, while the war in Iran wages on.&nbsp;
The closure of the Strait of Hormuz continues to impact the global oil supply, and the countries we generally import oil from are considering closing up shop on exports to ensure their own security.
LISTEN ABOVE

Kelly Eckhold: We have to look at the fuel situation "day by day"

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a60663ec-97f4-40cf-b42b-b40e003c100a/transcript

Prices are up at the pump, auto shops are selling out of jerry cans, and we've seen the reports of thousand litre IBC tanks being filled up at BP. 

It's raised the question around whether the closure of Marsden Point has been more harmful to New Zealand's fuel security that we had initially realised. 

New Zealand would still be reliant on imports to meet fuel needs, but having the ability to import crude oil rather than just refined oil would likely lift the pressure.

LISTEN ABOVE

Prices are up at the pump, auto shops are selling out of jerry cans, and we've seen the reports of thousand litre IBC tanks being filled up at BP.&nbsp;
It's raised the question around whether the closure of Marsden Point has been more harmful to New Zealand's fuel security that we had initially realised.&nbsp;
New Zealand would still be reliant on imports to meet fuel needs, but having the ability to import crude oil rather than just refined oil would likely lift the pressure.
LISTEN ABOVE

Shane Jones: ComCom "need to get to the bottom" of Gull fuel shortage

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/542eb652-ef7d-4f45-b5d2-b40e0034eb22/transcript

Craig Renney: We have to tackle inflation for low income families

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