Britain is facing a financial crisis, with the country potentially heading towards a bailout from the International Monetary Fund (IMF). 

Economists are warning that they’re headed towards a 1970s-style debt crisis, with one saying the UK’s borrowing costs are higher than in Greece – which has the highest debt in the euro zone. 

UK Correspondent Enda Brady told Mike Hosking that financially the UK is “screwed”, and Chancellor Rachel Reeves is in significant trouble. 

He says there was a $120 billion black hole in the Government’s books last month, and an awful lot of wealthy people have left the country, concerned about high taxes. 

LISTEN ABOVE 

Britain is facing a financial crisis, with the country potentially heading towards a bailout from the International Monetary Fund (IMF).&nbsp;
Economists are warning that they’re headed towards a 1970s-style debt crisis, with one saying the UK’s borrowing costs are higher than in Greece – which has the highest debt in the euro zone.&nbsp;
UK Correspondent Enda Brady told Mike Hosking that financially the UK is “screwed”, and Chancellor Rachel Reeves is in significant trouble.&nbsp;
He says there was a $120 billion black hole in the Government’s books last month, and an awful lot of wealthy people have left the country, concerned about high taxes.&nbsp;
LISTEN ABOVE&nbsp;

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.

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.

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,...

The Mike Hosking Breakfast

Enda Brady: UK Correspondent on the UK's finances, debt

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/eb8e1b15-5d24-4efb-b5c1-b344018483fc/transcript

A young Kiwi pool player is taking his game to the world stage. 

22-year-old Sheridan Burmester's heading overseas for a major international campaign, competing in tournaments across Vietnam, Bali, and India.  

He's also heavily invested in growing the game back home in New Zealand, similarly to things like darts, which has growing mainstream appeal.  

Burmester told Mike Hosking they just need some support and recognition to supercharge the sport. 

He says a lot of people don't know anything about pool being global or that you can even compete in the game.  

LISTEN ABOVE   

A young Kiwi pool player is taking his game to the world stage.&nbsp;
22-year-old Sheridan Burmester's heading overseas for a major international campaign, competing in tournaments across Vietnam, Bali, and India. &nbsp;
He's also heavily invested in growing the game back home in New Zealand, similarly to things like darts, which has growing mainstream appeal. &nbsp;
Burmester told Mike Hosking they just need some support and recognition to supercharge the sport.&nbsp;
He says a lot of people don't know anything about pool being global or that you can even compete in the game. &nbsp;
LISTEN ABOVE &nbsp;&nbsp;

Sheridan Burmester: Kiwi pool player on his international campaign, growing the sport in New Zealand

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/222af92b-0cde-44a9-89f2-b4be016a7653/transcript

The Michelin effect's in full swing, with a Christchurch venue full every night through the depths of winter. 

Fifteen Kiwi restaurants were awarded stars in June, with the Michelin Guide promising to attract 36 thousand extra overseas visitors annually. 

A Tourism New Zealand business case, including overseas evidence, shows this could bring turnover growth of up to 50% for venues. 

Inati co-owner Lisa Levy told Mike Hosking since the announcement, they've seen bookings far in advance they've never seen before. 

She says tourists obviously plan around their holidays, but they're seeing a lot more domestic tourism as well as international. 

LISTEN ABOVE   

The Michelin effect's in full swing, with a Christchurch venue full every night through the depths of winter.&nbsp;
Fifteen Kiwi restaurants were awarded stars in June, with the Michelin Guide promising to attract 36 thousand extra overseas visitors annually.&nbsp;
A Tourism New Zealand business case, including overseas evidence, shows this could bring turnover growth of up to 50% for venues.&nbsp;
Inati co-owner Lisa Levy told Mike Hosking since the announcement, they've seen bookings far in advance they've never seen before.&nbsp;
She says tourists obviously plan around their holidays, but they're seeing a lot more domestic tourism as well as international.&nbsp;
LISTEN ABOVE &nbsp;&nbsp;

Lisa Levy: Inati Co-Owner on the impact of the Michelin Star on their restaurant

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7573ff98-4b76-4be1-aa3d-b4be016191e2/transcript

On the Mike Hosking Breakfast Full Show Podcast for Tuesday 8th of September, Resources Minister Shane Jones discusses the first projects funded by the Gas Security Fund, and we're already starting to see the Michelin effect on our hospo industry. 

We've got another carbon auction happening today, and David Seymour believes we should bin them. 

The new Grand Tour hosts have big shoes to fill, and Francis Bourgeois, James Engelsman, and Thomas Holland tell us how exactly they'll fill them. 

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. 

LISTEN ABOVE   

On the Mike Hosking Breakfast Full Show Podcast for Tuesday 8th of September, <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/shane-jones-resources-minister-on-the-first-two-projects-funded-by-the-gas-security-fund/">Resources Minister Shane Jones</a> discusses the first projects funded by the Gas Security Fund, and we're already starting to see <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/lisa-levy-inati-co-owner-on-the-impact-of-the-michelin-star-on-their-restaurant/">the Michelin effect</a> on our hospo industry.&nbsp;
We've got another carbon auction happening today, and <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/david-seymour-act-leader-on-their-promise-to-cut-the-carbon-tax-scrap-net-zero-target-in-new-election-policy/">David Seymour</a> believes we should bin them.&nbsp;
The new Grand Tour hosts have big shoes to fill, and Francis Bourgeois, James Engelsman, and Thomas Holland tell us how exactly they'll fill them.&nbsp;
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.&nbsp;
LISTEN ABOVE &nbsp;&nbsp;

Full Show Podcast: 08 September 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/389aa9e5-dba9-4d20-b478-b4be015d7215/transcript

Enda Brady: UK Correspondent on the UK's finances, debt

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