Episode 2: The Mother of All Budgets

Episode 2: The Mother of All Budgets

Update: 2025-11-10
Share

Description

A mood of protest sweeps New Zealand in 1991, sometimes spilling over into violence, as the reform machine powers on. Benefits are slashed, the Employment Contracts Act fundamentally reshapes the labour market, the health system is restructured, and Jim Bolger U-turns on a “no ifs, no buts, no maybes” promise around superannuation. Here Ruth Richardson tells the story of the Mother of All Budgets – what she was hoping to achieve, and how it got that indelible name. 


In a whirlwind first year of government, Richardson takes some drastic steps. And National’s challenges come not just from outside, but from within – Muldoon continues to lurk the halls, and there’s a charismatic, increasingly popular young MP making trouble, too: Winston Peters. 


Includes new and exclusive interviews with Jim Bolger, Ruth Richardson, Jenny Shipley, Susan St John, Helen Clark, Bill Birch, Rob Eaddy, Michael Laws and more. 


Click here for full details of archive material used in this series


Juggernaut 2 was made with the support of NZ On Air.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Episode 2: The Mother of All Budgets

Episode 2: The Mother of All Budgets

The Spinoff