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Python squeeze slowly taking out small business

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THE HON BRUCE BILLSON MP Shadow Minister for Small Business, Competition Policy and Consumer Affairs Federal Member for Dunkley

Media Contact: Kane Silom 0458 550 506


Tuesday 29 January 2013

Python squeeze slowly taking out small business

The Gillard Government’s carbon tax is slowly eroding the viability of the nation’s small businesses as they face ever increasing power costs.

An Australian Industry Group report found that business is on average paying 14.5 per cent more for their energy costs following the implementation of the carbon tax.

“Not only are small businesses paying more for their energy costs but also for their other inputs,” Shadow Minister for Small Business Bruce Billson said.

“Small business is caught between a rock and hard place. They are lumped with higher costs because of the carbon tax and limited capacity to recover these increased business expenses from cost conscious consumers looking for a bargain.

“The carbon tax is eating into already depressed margins for small business - pushing business owners to the edge over concerns about business viability, diminishing returns, future prospects and the fate of the people they employ.

“Recent ANZ job ads data also confirms that job ads have fallen in each of the past six months, by a sharp 17 per cent cumulatively, since the carbon tax came into effect.”

The Coalition has real solutions and will double the rate of small business growth by scaping the carbon tax and cutting $1 billion worth of red-tape.