Support for retail needed as Victoria continues to lag

Retail trade figures for October released today by the Australian Bureau of Statistics (ABS) show that while retail in the rest of Australia has bounced back to pre-pandemic levels, retail in Victoria is still way behind due the devastating impacts of Labor’s second wave. The October figures show that while every other state and territory had […]

Victoria only state still in recession

Today’s national accounts figures released by the Australian Bureau of Statistics have confirmed that Victoria’s economy has continued to shrink while the rest of Australia recovers from the COVID-19 induced recession. In the September quarter, Victoria’s economy shrunk by 1.0 per cent, while every other state and territory saw their economies grow by at least […]

Victoria’s jobs crisis continues

Today’s payroll jobs numbers released by the Australian Bureau of Statistics (ABS) show that under Labor, Victoria’s jobs market is still way behind the rest of Australia. From the start of the pandemic until 14 November, payroll jobs have fallen by 5.4 per cent, compared to a national reduction of 2.9 per cent. Victoria’s loss […]

Worse times ahead for Victoria’s economy

The ANZ Stateometer for the September quarter has confirmed that the Victorian economy is the worst-performing in the nation and things are set to get worse. The report shows that in the September quarter, Victoria was the only state with an economy that was performing below trend and was decelerating, meaning that the economy was […]

Labor’s Budget fails to stem Victoria’s jobs crisis

Today’s Labor state budget has failed to address Victoria’s jobs crisis and deliver immediate jobs. Under Labor, the majority of those without a job today are likely to remain without one for at least three years. This is in addition to eyewatering debt levels to pay for Labor’s budget blowouts on bungled major projects. Despite […]

Labor’s new tax on jobs

Victoria is currently in the middle of a jobs crisis, so what does Daniel Andrews do? Andrews introduces a new tax on jobs. Labor’s announcement of a new levy is a kick in the guts to all those small businesses who have battled through the harsh lockdowns because of Daniel Andrews’ second wave of coronavirus. […]

It’s official – Victoria suffers worst year since Cain/Kirner

Economic data released by the Australian Bureau of Statistics (ABS) today has confirmed that Financial Year 2019-20 was Victoria’s worst year economically since the dark days of the Cain/Kirner Labor Government. The Gross State Product numbers show that the Victorian economy shrunk by 0.5 per cent in FY 2019-20. This is the first year the Victorian […]

Victorian economic crisis hits women hardest

Today’s unemployment figures released by the Australian Bureau of Statistics (ABS) show that Victoria’s economic crisis impacts women most of all. Victoria’s overall unemployment rate rose to 7.4 per cent in October, which is higher than the national figure, which sits at 7.0 per cent. More troubling is the unemployment rate among women, which rose […]

Victorian small business abandoned by Labor

Data released by the Australian Bureau of Statistics (ABS) today shows that small and medium-sized businesses are bearing the brunt of the economic crisis caused by the second wave of COVID-19. According to the ABS’s latest payroll jobs and total wages data, businesses with under 200 employees in Victoria have lost jobs at over three times the […]

Victorians rightly worried about economic future

The quarterly NAB Consumer Confidence report released today shows that Victorians are worried about the economy and the Andrews Labor Government’s ability to manage it. As NAB says, “consumers are essential to Australia’s ongoing recovery post COVID-19 with household expenditure making up around 60 per cent of our economy.” The numbers show that consumer anxiety […]

Victoria’s retail economic horror story

Retail trade figures released today by the Australian Bureau of Statistics show the depths of the economic horror show happening in Victoria. Since the start of the COVID-19 pandemic in March, Victoria’s retail trade has plummeted by 17.9 per cent. Victoria’s fall pulls the entire country into negative territory. By comparison, NSW is up 2.4 […]

Victoria’s second wave causes biggest fall in payroll jobs

More bad news today for Victorians looking for work as the latest payroll jobs figures released by the Australian Bureau of Statistics confirm that Victoria has been hardest hit by the COVID-19 pandemic and the Andrews Labor Government’s second wave. Since the start of the pandemic in March, payroll jobs have fallen by 8 per […]

Liberal Nationals’ positive plan to freeze bills to help households

The Liberal Nationals are calling on the state government to financially assist Victorian families who’ve been hit hard this year, by freezing a raft of fees and charges. The Andrews Labor Government’s second wave and harsh lockdowns has meant hundreds of thousands of Victorians have lost their job, or lost shifts and wages, but cost […]

Small and medium business confidence in Victoria continues to struggle

Confidence among small and medium enterprises (SMEs) in Victoria has remained low, according to a report released by NAB today. The NAB Quarterly SME survey reports that SME confidence is lower than any other state in mainland Australia, with a net rating of -16. This is the second consecutive report that has recorded SME confidence […]

Victoria, a state with no budget for 518 days (and counting)

The Andrews Labor Government is yet to confirm when Tim Pallas will hand down the 2020-21 Victorian State Budget. This budget was originally due to be handed down in May but was delayed due to COVID-19. The federal budget was handed down earlier this month, so Tim Pallas can no longer claim to be waiting […]

Victoria falls again in State of the States economic rankings

The State of the States Economic Performance Report released today by CommSec shows that Victoria continues to go backwards compared to other Australian states. According to the report, Victoria has fallen to third overall, trailing behind both Tasmania and the Australian Capital Territory.  Victoria has also fallen from second to fifth in retail spending, and employment was […]