none

Election result ‘likely to boost employment’

31-08-2010
by 
in 
Election result ‘likely to boost employme

The election of a Coalition government will give small and medium sized business (SME) owners the confidence to expand and put on new staff, a specialist supplier to small business believes.

A recent survey of small business owners by Bibby Financial Services found a change of government would be favourable for them.

“Twice as many felt a Coalition government would be better for business than those who felt it would be worse,” said Mark Cleaver, Bibby’s Managing Director for Australia and New Zealand.

“We also found that those intending to invest in their business in the coming 12 months continues to rise, he said.

“Encouragingly, it now stands at 31 per cent, up from 28 per cent just six months ago and 20 per cent at this time last year. So a change in government might just prompt them to take action sooner.”

The Coalition’s small business policies appeal to SME proprietors – particularly the promises to reduce the corporate tax rate, cut $1 billion of “red tape” each year, and to work with banks and financiers to make their lending policies more small-business friendly.

In Bibby’s survey, SME owners put lower tax, less red tape, and no increase in the GST as the top three items on their wish-list for government action. Next came more streamlined import/export regulations and improved access to credit.

“In this environment we expect to see a further increase in the rising demand we are experiencing for debtor finance,” Mr Cleaver predicted.

Related news & editorials

  1. 19.06.2019
    19.06.2019
    by      In
    Green Distillation Technologies is aiming to bring its first tyre recycling plant at Warren, NSW up to full production following the recent award of an Environmental Protection Licence by the New South Wales EPA.
    The original plant design was for six tyre-processing modules, but to date only one... Read More
  2. 18.06.2019
    18.06.2019
    by      In
    ABB has appointed IPD as the Australian distributor of its electrification products for the 415V switchboard manufacturer channel from July 2019. IPD will also provide ABB low voltage power distribution solutions to major electrical contractors, while all other channels will continue to be serviced... Read More
  3. 18.06.2019
    18.06.2019
    by      In
    Concrete made using industrial waste from coal-fired power stations and steel manufacturing is being used in a world-first road trial in Sydney.
    The City of Sydney is putting the product to the test on a busy inner-city street leading to Sydney Airport, replacing a 30m section of Wyndham St,... Read More
  4. 18.06.2019
    18.06.2019
    by      In
    Inspection of enclosed spaces such as tanks is laborious and expensive, requires extensive planning and following safety regulations, results in significant downtime and poses many potential hazards. Depending on the relevant regulations, most tanks are inspected every five to 10 years.
    Unmanned... Read More