Treasurer Pitt burying his head in the sand on stalling confidence

11 Feb 2016 1:59 PMJohn-Paul Langbroek

Treasurer Curtis Pitt has ignored yet another report showing business confidence in Queensland has stalled under his stewardship.

Shadow Treasurer John-Paul Langbroek said the Westpac Group CCIQ Pulse Survey of Business Conditions, released this morning, showed business confidence and business conditions in Queensland had fallen substantially in the last year.


“The Palaszczuk Labor Government’s lack of plan and complete inaction is one of the biggest drags on business confidence, according to the independent survey of more than 650 Queensland businesses,” Mr Langbroek said.


“Business confidence has fallen almost ten points in the last year, down into negative territory, while business conditions have fallen 4.4 points.


“This is the story right across the state, with conditions in negative territory in eight of the nine regions identified in the report.


“Quite clearly Queensland businesses are less confident about the future and the Labor State Government’s lack of a plan to boost the economy or invest in infrastructure is having a significant negative impact.”


Mr Langbroek said the Treasurer needed to confront these concerns, which have been highlighted again today, otherwise confidence would continue to stall.


“Looking at the Treasurer’s media release last night it’s clear he doesn’t want to hear what Queensland businesses are telling him,” he said.


“Instead of confronting these concerns and outlining his plan for boosting confidence, the Treasurer has yet again buried his head in the sand.


“It’s not just the CCIQ survey saying Queensland’s economy is stagnating under Labor, the CommSec State of the States Report showed Queensland was now part of a “third tier” of economies.


“The Sensis Business Index showed only one in ten Queensland businesses believed the Palaszczuk Labor Government’s policies were supporting them.


“The ANZ Property Council Survey showed there had been a negative shift in sentiment since the election of the Palaszczuk Labor Government.


“Every time there is a bad economic report or business survey the Treasurer refuses to acknowledge it and cherry-picks data in an attempt to hide his inadequacies.


“This isn’t what Queenslanders voted for and they deserve better than this.


“Only the LNP has a plan to address the concerns of the business community and restore confidence so businesses have the certainty and direction they so desperately need.”

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