The Government will today reveal its back down on controversial Auckland housing intensification plans amid fierce public criticism.

New planning rules would currently allow another 2 million homes in Auckland.

But last month the Government announced it'll water down the rules with an announcement expected this afternoon.

Prime Minister Christopher Luxon told Kerre Woodham a balance needs to be struck.

He says Auckland has to grow with affordable housing, but quite rightly some Aucklanders have said they don't want big buildings next to their homes.

He’s also allaying concerns about a proposal for a $9 toll on Auckland's Harbour Bridge.

The Infrastructure Commission recommended tolling the existing bridge, and second new crossing, to reduce construction costs on the Crown.

But Luxon told Woodham it's only an idea.

He says the Government hasn't decided whether it'll be a new bridge or a tunnel yet, and decisions on how to fund it will come later.

He says tolls are the only way to pull forward the development of new roads, faster.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

Auckland Airport says it's gaining momentum.

It's reported a four percent increase in revenue in its half-yearly results.

The airport says that lift in revenue is being driven by a two percent increase in passenger numbers to 9.6 million.

Chief Executive Carrie Hurihanganui says there's still more work to do - since numbers still haven't caught up to pre-pandemic levels.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

PGG Wrightson’s GM of Real Estate takes his monthly look at the state of the rural market, and the planets are certainly aligning for farm values!

See omnystudio.com/listener for privacy information.

Confidence green pastures lie ahead for Fonterra, as the sale of brands like Anchor and Mainland nears completion.

Almost 99 percent of shareholders voted today to get the tax-free $3.2 billion capital return, from the purchase by French company Lactalis.

FedFarmers Dairy Chair, Karl Dean, says the sale is part of Fonterra's move to focus on ingredients.

The Country's Jamie Mackay explained further.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

New reports indicate the tech sector is getting hid hard by a turbulent market, with many software companies taking a hit.

Fisher Funds expert Sam Dickie explained the impacts - and which companies are doing it tough.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

An economist is pointing out a potential problem with the Reserve Bank’s economic forecast.

The Monetary Policy Committee, chaired by Anna Breman, has decided to keep the OCR unchanged at 2.25% for now.

It says while inflation is above the target band, the economy still needs some time to recover.

Cameron Bagrie told Ryan Bridge that the problem with the Reserve Bank’s forecast is the assumed uptick in productivity growth.

He says they’re assuming the supply side capacity, via productivity growth, will improve, which will keep inflation lower, but if we can’t get supply side capacity up, inflation will prove to be a lot stickier.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.