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Labour's finance spokesperson Barbara Edmonds and Finance Minister Nicola Willis.

Labour's finance spokesperson has apologised to the Finance Minister after audio of her calling Nicola Willis a "duck-faced horse" was leaked to media.

Barbara Edmonds told RNZ she got it wrong, and feels "absolutely terrible about it."

The comment was made during a question and answer session at a Labour Party candidate list conference at the weekend, and was designed to test MPs about difficult questions that may be put to them, or questions that didn't make sense.