Confidence shattered under Labor's tax obsession

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Business Business & Economy Political Queensland Government Small Business


The Palaszczuk Labor Government continues to crush business confidence in Queensland.

The latest survey from the Chamber of Commerce and Industry Queensland (CCIQ) spells disaster for the state's economy under Labor.

LNP Deputy Leader and Shadow Treasurer Tim Mander said today's quarterly pulse survey shows confidence in Queensland's economy slumped 3.3 points in the March 2019 quarter, compared to 12 months earlier.

"This is an alarming report which also showed business conditions and profitability are in freefall," Mr. Mander said.

"This is more proof our economy is flatlining at a time when Queensland desperately needs more jobs.

"Premier Annastacia Palaszczuk has lost control of the economy and the small business community have lost confidence in Labor.

"It's a sad state of affairs in Queensland right now and the Premier has no economic plan.

"43% of respondents are expecting a weaker Queensland economy, while only 13% believe it will strengthen.

"Alarmingly, 51% of Queensland businesses reported declining profitability over the March quarter.

"No wonder we have the second highest unemployment rate in the nation under Labor.

"Business confidence is down, business conditions are deteriorating, and the economic outlook continues to worsen under Labor.

"162,000 Queenslanders are out of job and their hopes of finding work are fading under this economically incompetent Premier and her ultra-left Treasurer Jackie Trad.

"This year Queensland has been slugged with five new taxes and Labor has slashed vital infrastructure spending since 2015.

"Only a Deb Frecklington LNP Government will implement our Economic Plan to build job-creating infrastructure, rule out new taxes and support small business."

LNP : Liberal National Party :
PO Box 940, Spring Hill QLD 4004, Queensland Wide
07 3844 0666
07 3844 0388
LNP :  Liberal National Party
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