Small businesses in Victoria have been left high and dry in yet another budget snub by Daniel Andrews and Labor.
Yesterday’s State Budget provided no meaningful new and ongoing support to Victorian small businesses and sole traders to set up in Victoria, grow and employ more Victorians.
After two years of pain caused by extended lockdowns and border closures, Labor has wiped its hands of all responsibility for supporting small business operators to recover and rebuild.
The State Budget also revealed that taxes on payroll will increase by $1.1 billion in 2022-23, up 17 per cent on the budget for 2021-22.
Over the next four years, taxes on payroll will increase each year - reaching $9.2 billion in 2025-26 – a 41 per cent increase on what Labor budgeted for this year.
It comes as ABS figures released today shows Victoria’s retail turnover rose by just 0.6 per cent for March 2022, the second worst result out of all states and territories.
Shadow Minister for Small Business, David Southwick said the lack of support for small businesses across Victoria was a death sentence for many traders.
“For Victoria to be number one again, it starts with supporting small business to get back on their feet after two years of extended lockdowns.”
“Small businesses have been left behind by Daniel Andrews and the last thing they need is to be burdened further.”
“Only a Matthew Guy Liberals and Nationals Government will give businesses the confidence and security to rebuild and recover.”
David Southwick MP
Shadow Minister for Small Business