Trad taxes take toll on construction sector

Wednesday 26 February, 2020

With Queensland already suffering the worst unemployment rate in Australia, new ABS data has revealed the construction sector is shrinking under the Palaszczuk Labor Government.

Figures released today show the value of construction work completed fell in the last three months of 2019 – the seventh straight quarter of decline.

The completed construction work value of $9.47bn was the lowest figure recorded in Queensland since 2006.

LNP Deputy Leader and Shadow Treasurer Tim Mander said Labor Treasurer Jackie Trad was driving construction into the ground with tax raids on the LNG and property industries and cuts to infrastructure spending.

“These shocking figures show that Jackie Trad’s new taxes and cuts to infrastructure are crippling the construction industry,” Mr Mander said.

“After five years of Labor, Queensland now has the highest unemployment and most bankruptcies in the nation.

“Jackie Trad might be growing her property portfolio, but the construction sector is shrinking.

“Annastacia Palaszczuk and Jackie Trad’s economic mismanagement is costing jobs and holding Queensland back.”

Mr Mander said the LNP’s economic plan would deliver a strong economy and create new jobs for Queenslanders. 

“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,” Mr Mander said.

“Labor cannot manage taxpayers’ money and it cannot manage the economy.

“It’s time get Queensland working again and only an LNP Government can do it.”

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