Small Business Minister Bruce Billson has responded to the Australian Chamber of Commerce and Industry Survey of Investor Confidence released yesterday, calling it “a reminder of the work that must be done.”
The ACCI survey found business profitability had dropped to the lowest point in the survey’s 23-year history, while business conditions in December 2014 were revealed to be lower than the five and ten-year average.
“The Abbott Government failed in its first Budget and failed to use the opportunity of the Mid-Year Economic Update to establish a proper economic plan to boost economic growth and jobs,” Federal Member for McMahon Chris Bowen said in a statement, a move that Mr Billson said “pessimistically spreads negativity.”
In his own statement, Mr Billson suggests the ACCI survey works as a reminder to work towards fixing the economy.
Highlighting some positive factors, including a growth in job advertisements, an increase in registered companies, and the creation of over 200,000 jobs in 2014, Mr Billson said that these were the type of “realities” that should be shared in order to build up confidence in the business sector.
“Instead of supporting the national interest and engaging in a more collaborative approach to growth, Bill Shorten and Labor are all complaint and no solution,” Mr Billson said.
