Budget woes hit WA business confidence

The West Australian, August 22, 2017

The spark in WA business confidence after Labor’s election victory in March has disappeared as the cost of repairing the State Budget hits home.

The WA Chamber of Commerce and Industry’s quarterly measure of business expectations has nose dived to its lowest level in a year, with two-thirds of companies surveyed expecting the State economy to deteriorate in the next three months.

There had been a lift in all measures of sentiment after the election but with the McGowan Government increasing fees and charges and concerns that it may also increase taxes, the number of WA firms expecting the next year to be tougher has grown 13 per cent to 45 per cent.