Monday 2 March, 2020
Business confidence has plunged to another record low in Queensland as Labor’s taxes and red-tape continue to drag the state’s economy downwards.
The latest Suncorp Chamber of Commerce and Industry Queensland (CCIQ) Pulse survey has revealed business sentiment is at its lowest level since 2010.
LNP Shadow Treasurer said the result was another vote of no-confidence in Annastacia Palaszczuk and Treasurer Jackie Trad after Queensland posted the worst unemployment rate in nation last month (6.3%).
“Economic confidence has gone off a cliff since Jackie Trad became Treasurer,” Mr Mander said.
“Jackie Trad has smashed the Queensland economy with nine new taxes and huge cuts to infrastructure spending.
“Labor is driving up unemployment and driving down economic confidence.”
The Suncorp CCIQ Pulse Survey of Business Conditions released today showed:
- Businesses reported the lowest general business conditions on record for the second consecutive month, with the December quarter reading showing a sentiment decline of 1.0 points to 39.0 points.
- Employment levels contracted, with one in four businesses reporting that they had decreased their staffing levels over the December quarter.
- Businesses reported that soft local operating conditions across the state continue to pressure balance sheets, with the profitability index reading coming in at the lowest level since December 2010.
“The future might be bright for Jackie Trad’s growing property portfolio, but our economy is suffering a crisis of confidence,” Mr Mander said.
“Only the LNP has a plan to create jobs and build a strong Queensland economy.
“The LNP will create jobs by building the New Bradfield Scheme, new roads and dams, delivering cheaper electricity, cutting red-tape and guaranteeing no new taxes.
“It’s time get Queensland working again and only an LNP Government can do it.”