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Thursday, May 21, 2026

Mike's Minute: Labour's lack of detail show they've learned nothing


So let me get this right, just so we know where we’re at.

The Labour Party —who, I'm assuming, still want to be taken seriously this election— have had a major issue up to this point.

They have no policies.

The one policy they do have is a new tax, and the money from that new tax will pay for all of us to go to the doctor three times.

Even though a lot of us —to be frank, probably most of us— don’t actually need the state to pay for a doctor’s visit.

Their other policy we sort of knew about was the Future Fund.

It would contain SOEs, whose dividends would go into it to create jobs and grow the economy.

Update on the Future Fund: we aren’t going to know about that until after the election. The good news is they’re not winning the election, so it sort of doesn’t matter.

But they will make it even harder to have a crack at winning the election now, given voters sort of want to know what stuff costs, especially large stuff.

Further trouble is that the hold-up is they need advice on "Treaty obligations".

That’s right, bogged down yet again in matters Māori.

Originally, they told us the SOEs involved were commercially sensitive, now it’s Treaty troubles.

Previously, Chris Hipkins said this fund would create jobs. Yesterday, Barbara Edmonds didn’t know how many because that would depend on what the fund invested in, which SOEs were in the fund, and what advice they got around Treaty obligations.

So no job stats, no cost stats, no real detail on who’s in and who isn’t on what they call one of their cornerstone policies.

So no policies, until there is a policy. But it’s sort of a secret policy that, if you vote for us, we’ll tell you about after the election.

Small question at this point: do they honestly believe we are that stupid? That this is any sort of way to conduct an election campaign? That this is any sort of excuse this close to an election?

Are they smarter than we think and this is basically their white flag, because they don’t want to be in Government anyway?

Part of what haunts them from last time is their inability to actually do anything apart from spray money.

They talk. They don’t do.

Three years on they have clearly learned nothing.

Mike Hosking is a New Zealand television and radio broadcaster. He currently hosts The Mike Hosking Breakfast show on NewstalkZB on weekday mornings - where this article was sourced.

6 comments:

Anonymous said...

Two things, Mike - Willie Jackson has told us that that Capital Gains Tax will also (amongst other things) be used to fund Maori broadcasting and the other notion, of a 'Future Fund', is oxymoronic in that the 'Labour Party' and any form of 'Investment' are two incompatible concepts. When it comes to money, Labour are invariably a disaster, yet here they seek our trust that they'll not only do the right thing, but also get it right. With their track record - they're kidding right?

Anonymous said...

Where have I heard about secret Labour policies before? Oh, that’s right…He Puapua. What a stunning success.

Anonymous said...

Labour has zero ideas how to generate jobs or wealth. MPs should walk around Wellington and count the number of empty shops. Must be hundreds.

Anonymous said...

My grandson said he wanted a micky mouse outfit for this birthday - so I took him to a Labour Party conference.

Anonymous said...

Mike - they have had 3 years to get this sorted, and this highlights what I've been saying - They are incompetent. If by some chance they do get in, they will stuff it like last time.

Anonymous said...

Lack of detail on Lanour’s part? Mike, here is some of what National had explicitly promised and objectively failed to deliver.

Promised 500 extra frontline police within two years. These targets were missed or delayed.

•Promised major cost-of-living relief. Many households still facing high food, rent, insurance, and mortgage costs with these further increasing.

•Promised stronger economic growth. New Zealand experienced weak growth/recessionary conditions.

•Promised improved employment conditions however, unemployment increased and has continued to increase.

•Promised meaningful tax relief. The final tax package was smaller/altered after coalition negotiations and provided little to no benefit with public services suffering as a result.

•Planned foreign buyer tax to fund tax cuts policy abandoned.

•Promised government efficiency without harming services. Services have been significantly harmed and reduced with no real savings cost.

•Large public service job cuts which has led to worse outcomes in the public services.

•Promised better healthcare outcomes. Hospital wait times and staffing shortages remain major issues.

Detail? From Labour?

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