Media | State News

Business confidence goes from Trad to worse

13th August 2019

Businesses have passed a damning vote of no confidence in the Palaszczuk Labor Government after its latest Budget delivered higher taxes, more debt, less jobs and less infrastructure.

The latest Chamber of Commerce and Industry Queensland (CCIQ) Pulse survey (released today) shows business confidence in Queensland stood at 43.5 points in the June quarter – 4.2 points lower than June 2018.

The first post-Budget survey also showed 80 per cent of businesses are expecting the state’s dire economic conditions to stagnate or worsen.

LNP Deputy Leader and Shadow Treasurer Tim Mander said Labor was smashing business with almost $3.5 billion of new taxes, slashing infrastructure investment and destroying jobs.

“The overwhelming majority of Queensland businesses fear for the future with Annastacia Palaszczuk and Jackie Trad in charge,” Mr Mander said.

“Sadly, businesses and workers are right to be worried.

“Labor has hit Queensland with 10 tax hikes, sent our debt surging to $90 billion and delivered the highest unemployment rate in mainland Australia.

“Jackie Trad may be making a mint from her private property portfolio, but she has been a disaster as Treasurer of this state.

“Only a Deb Frecklington LNP Government will restore Queensland’s confidence by building job-creating infrastructure, ending Labor’s waste and guaranteeing no new taxes.”