Working out a new yardstick to measure our lives

How will the Living Standards Framework being devised by Treasury impact the way Government is run and policy is made? Minister of Finance Grant Robertson says he wants the framework ready to the 2019 Budget. We speak with Tim Ng, the Treasury's chief economic advisor, who is responsible for the development of the new framework. He joins Kathryn to talk through the nuts and bolts of the work - and how it has the potential to change the way New Zealand measures its well-being as a nation.