Early Edition with Kate Hawkesby

Election Year is off and running with Christopher Luxon’s State of the Nation address.  We should know the election date later this week.  What we do know is the theme of National’s campaign: “Fixing the basics and building the future”.  Not a shock. It’s a variation of the way they’ve positioned themselves for a while. The party that concentrates on the need to haves and not the nice to haves - Labour trashed the economy in six years with their spending, we’re the guys who’ll fix it up.  But the real question is what are they fixing and what are they building.  Treasury’s figures from the Half Yearly Economic and Fiscal Update delivered just before Christmas, show the Government has both cut capital expenditure since its election and lowered forecasts for new spending. Capex fell by $6 billion between the 2023/24 and 2024/25 fiscal years, and spending was $1.6 billion less in 2024/25 than was budgeted.  There’s not a lot of fixing of leaky hospitals and rickety courtrooms going