Lack Of Economic Plan Driving Business Confidence Down Further

Published: Thu 27 Feb 2020 03:21 PM
The Government’s poor economic management and lack of plan has once again driven down business confidence, National’s Small Business spokesperson Todd McClay says.
“Today’s ANZ Business Outlook survey shows business confidence dropped six points in February and confirms that this Labour, Greens and NZ First government have no plan for the economy and no plans to lift productivity.
“Instead of supporting the businesses that keep our economy growing, this Government is removing flexibility from the workplace, raising costs, increasing taxes and adding more regulation.
“The Government is trying to blame the slowdown of the economy on international events. The reality is that the economy was slowing well before coronavirus and business confidence has been at record low levels since Labour, the Greens and NZ First started rolling obstructive, anti-business policies.
“This filters down to small businesses who say they are already facing major barriers thanks to this Government’s poor policy making. It puts more pressure on employers, reducing employment opportunities and raising costs for ordinary New Zealanders.
“National will do what it takes to support Kiwi businesses to get ahead by reducing regulation and lower the tax burden on small businesses.
“We’ll start a regulations bonfire and focus relentlessly on lowering costs for business, including abolishing the regional fuel tax and indexing tax brackets.
“Around 97 per cent of New Zealand businesses are small businesses employing twenty employees or fewer. These are often businesses are run by Kiwi mums and dads and provide vital services to their local communities.
“Only National will actually do what’s needed to reduce barriers for these businesses.”

Next in New Zealand politics

Statement From Police Commissioner Mike Bush Following Guilty Pleas In Operation Deans Prosecution
By: New Zealand Police
Nation Steps Up To COVID-19 Alert Level 2
By: New Zealand Government
Cabinet Approves Business Continuity Package In Response To COVID-19
By: New Zealand Government
Record transport investment in Draft GPS 2021
By: New Zealand Government
On The Loss Of Abortion Safe Zones
By: Gordon Campbell
On The Oil Price Smackdown, And On National’s Fatuous Crusade Against Red Tape
By: Gordon Campbell
Predator Free 2050 Strategy - Expert Reaction
By: Science Media Centre
Land, Air And Sea: Regions To Benefit From NZ Upgrade
By: New Zealand Government
Statement On Guilty Plea Of March 15 Terrorist
By: New Zealand Government
Christchurch mosque attacks: Gunman pleads guilty to all charges
PM on mosque attacks anniversary: 'A year on gives us a chance as a nation to reflect'
Dunne Speaks: Nothing Much Has Changed Since March 15
By: Peter Dunne
Statement On Guilty Plea
By: Royal Commission of Inquiry into Attack on ChCh
Guilty Plea By Accused In Christchurch Mosque Attacks
By: Islamic Women's Council of New Zealand
Life In Prison Looms For Australia's Christchurch Gunman, Now NZ's First Convicted Terrorist
By: The Conversation
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media