Early Edition with Kate Hawkesby

I think the new Government's actually done at least one thing right this week.  Backing out of the Interislander funding deal was a no-brainer really, if you have any doubt about that, have a look at the piece on the Herald site under the title ‘How to blow $15b.’  That digs into the Auditor-General's report on some of the previous government's insane spending.  Back when Grant was splashing money about like a drunken sailor, anybody with a half-baked plan to burn up a couple of billion was welcomed with open arms.  Cost no object, value for money? Doesn't matter. Possible overruns, blowouts if you like, worry about that later.  Just spend it.  The main reason these new guys don't want to pour buckets of your cash into the Cook Strait ferries is they don't trust the numbers.  Much of the money would have gone on terminal upgrades, and Nicola Willis said she reckoned the numbers were undercooked.  In other words, they think KiwiRail deliberately went in with a low-ball cost in an environment where they knew th