Business confidence continues to plummet under Labor

Conditions for Queensland’s business community are at their lowest level in more than a decade, as the new Labor Government continues to axe major infrastructure projects.

Shadow Treasurer John-Paul Langbroek said the latest CCIQ Pulse Survey of Business Conditions, released today, showed business confidence had also dropped dramatically since the election of the Palaszczuk Government, down to a six-year low.

“The Queensland business community has delivered a resounding vote of no confidence in this inexperienced government,” Mr Langbroek said.

“The CCIQ survey shows a 13-point drop in Queensland’s economic outlook over the March quarter alone.

“The outlook for every single region in the state went backwards.

“The survey makes the specific point that the new Labor Government’s actions have undermined business confidence for planning, investment and employment.

“Since Labor’s election businesses have gone backwards on a range of measures including conditions, sales and revenue and profitability.”

Shadow Minister for Infrastructure, Planning, Small Business, Employment and Trade Tim Nicholls said Labor’s infrastructure freeze was hurting economic conditions.

“According to the survey ‘businesses point to the Queensland Government’s change of policy direction and hesitation with approving major infrastructure projects as a cause for concern’,” Mr Nicholls said.

“CCIQ members aren’t alone in their views. Last week’s Property Council survey showed a significant deterioration in the government performance index since Labor’s election.

“These results are hardly surprising considering this government has stopped $8 billion worth of investment and thousands of jobs in one week alone.”

“Labor has also put a stop to planned payroll tax cuts for small businesses and stripped $4 million annually out of the Trade and Investment Queensland budget.

“Queensland businesses are looking for competence and stability and they’re not getting it from this inept government.”

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