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When the Facts Change

by The Spinoff
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Latest episodes

  • At Large with Toby Manhire: Is the Reserve Bank’s blunt tool just too blunt?

    July 15, 2026 · 36 min

    Since 1990 the Reserve Bank has been tasked with taming inflation independently from the government of the day. But is the tool it uses today, the official cash rate, with its focus on hitting an inflation rate of 1%-3%, causing more pain…

  • Going up after digging down

    July 10, 2025 · 27 min

    Billions has been spent on the construction of Auckland’s City Rail Link, largely at the cost of taxpayers and ratepayers. The current Auckland council zoning rules, however, prevent the building of high-rise residential and commercial…

  • To cut or not to cut?

    July 3, 2025 · 20 min

    The Reserve Bank gets another chance to cut interest rates next week. So far 2025 has seen the RBNZ make three consecutive cuts to the official cash rate, which was widely expected by economists up and down the country. But next week, for…

  • Post Covid hybrid work

    June 19, 2025 · 31 min

    Many bosses now want their workers back in the office full time, but for a while in the immediate aftermath of Covid, workers had the power to demand the flexibility to stay home. Now the jobs market has sagged, the balance has shifted and…

  • How big do we want to be?

    June 12, 2025 · 32 min

    It’s no secret that Aotearoa is facing a range of monumental infrastructure challenges — much has been made lately of the state of our water pipes, ferries, railways and roads. Successive generations of decision makers have kicked the…

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  • An abundance of energy

    June 5, 2025 · 34 min

    ‘Abundance’ is the hottest word in the political economy right now all around the world. A book by Derek Thompson and Ezra Klein called ‘Abundance: How we build a better future’ argues the centre-left should adopt urbanisation and…

  • Dissension in the RBNZ ranks

    May 29, 2025 · 24 min

    The Reserve Bank cut the Official Cash Rate this week, as expected, but one of the six members of the bank’s rate setting committee voted to hold the OCR. That surprised markets and pushed up the wholesale interest rates that drive fixed…

  • Budget special: When The Facts Change x Gone By Lunchtime

    May 22, 2025 · 30 min

    In the year of growth, Nicola Willis has presented a growth budget. But does the Investment Boost initiative, which speeds up depreciation for businesses, promise the kind of growth that the economy needs? In this special Spinoff pod for…

  • Let the Budget battles commence

    May 15, 2025 · 34 min

    Fresh off a pre-Budget speech that took aim at the recent changes to pay equity, Labour Party leader Chris Hipkins joins Bernard Hickey to discuss the government’s plans to cut $4.4 billion of spending over the next four years. What are…

  • Warmer, drier - and cheaper in the long run

    May 8, 2025 · 27 min

    In 2010, the NZ Green Building Council introduced the Homestar sustainability certification, a framework that aims to allow designers, architects and builders to build better, more environmentally friendly, energy efficient housing. The…

  • Housing market psychology 101

    May 1, 2025 · 27 min

    This week, Bernard Hickey dives into the psychology of the housing market and talks to realestate.co.nz CEO Sarah Wood about why so many home sellers are holding on and simply not selling, rather than lowering their price to “meet the…

  • How do we create the ‘2degrees Effect’ for supermarkets, banking and electricity?

    April 24, 2025 · 37 min

    More than half of consumer spending is dominated one way or another by a collection of monopolies, duopolies and quadropolies that generate higher prices and profits than would be normal if there was true and tough competition, as a myriad…

Full episode archive on Apple Podcasts →

About the show

When the Facts Change, Hosted by journalist Bernard Hickey, When the Facts Change is your essential weekly guide to the intersection of economics, business and politics in Aotearoa New Zealand. Presented by The Spinoff.  When the Facts Change is currently on hiatus and is open for sponsorship. For more details, contact bec@thespinoff.co.nz