Nicola Willis discusses Treasury's briefing, smoking tax revenue, and the upcoming mini-budget. Topics include fiscal challenges of the new government, capital funding, eligibility of racing industry projects, increasing funding for IRD tax audits, rewriting the Firearms Act, lobbying and patient groups, funding farm-ac suticles, and achieving a 1.5-degree target for global warming at COP28.

Nicola Willis, New Zealand's Finance Minister, shares insights on the Labour Party's recent decision to rule out joining AUKUS. She calls the rejection 'premature' and recalls Labour's initial role in AUKUS discussions. The conversation dives into the implications for national security and the economy, emphasizing the importance of collaboration with allies, especially regarding China. Additionally, Willis discusses her commitment to ethical governance and the government's strategies for infrastructure and fiscal responsibility.