‘Despite all the claims by various Ministers this week including Premier Campbell Newman about how the LNP understand business and are in step with business, the evidence from their actions and legislation says otherwise.
‘They don’t get it and that’s not just business. Unemployment is rising to now 6.8% the second highest percentage in the Nation and under-employment is rising by a higher percentage to 14%. Youth unemployment is quoted variously at 25%.
‘Business confidence rates showed a decline too – down again this month.
‘Yet the Treasurer and Premier came out in parliament and confidently claimed a 6% economic growth next year largely on the basis of gas exports.
‘Dr Alex Douglas, Independent Member for Gaven is concerned that what the Premier and Treasurer fail to state, is that small business is not employing new staff and it is overwhelmingly due to strained cash-flow, largely due to equity demands from banks. They cannot afford to employ staff even if there is available business because they have insufficient equity in property.
‘To make matters worse, this week the LNP increased the cap on deposit for off-the-plan purchases to 20% in the Land Sales Legislation, that will now tie up twice as much available capital for near twice as long with no benefit to consumer or developer.
‘Similarly in the Building and Construction Industry Payment legislation, the State merely looked after itself and did nothing for sub-contractors and small to medium-sized building contractors. They made sure the system delivers them a better result – guaranteed!
‘This means not just a further loss of trust, but also reduced available cash from each of these legislative steps.
‘The end result of this week’s legislative agenda of the LNP was the Big End of town on 2+ and the public a big zero with a subsequent decrease in available cash into the economy.
‘This is occurring week after parliamentary sitting week from each LNP legislation..
‘The consequences of transferring cash away from those businesses needing money is exactly what we’re seeing now, rising unemployment, two-speed economy and very low business confidence.
‘The LNP is reaping what it is sowing and the trouble is that the public are suffering the consequences.