Cabinet will meet today to consider if and when we shift down alert levels.

Former finance minister Steven Joyce believes we should be at level one already, and believes there's been a mispricing of risk when it comes to the move to alert level one.

He told Mike Hosking there's always lots of risks in the world.

"It seems the only measure of success right now is how long we can go without a single new Covid-19 case, and actually that can't be the measure of success for the Government."

Joyce says the capacity of the economy is being drained for "head-scratching reasons".

He says it's not just a matter of moving to level one but the Government needs to encourage people to go outside - and get back to offices.

"We need the economy to be robust as soon as it possibly can, and I think that's what's missing at the moment."