Shadow Treasurer Mike Baird today said small and medium business owners have given the Rees Labor Government’s failed economic policies a vote of no confidence after NSW again recorded the lowest level of business confidence of any Australian state according to the December Sensis Business Index.

The December Sensis Business Index  found support for the Rees Labor Government’s policies stood at negative 26% - the lowest level of support in the nation.

“Small and medium size businesses are sick of Labor’s failed economic policies,” Mr Baird said.

“The broken NSW Labor Government has recorded the lowest level of support from small businesses for 22 of the last 23 quarters,” he said.

“One in three small business operators believe Rees Government policies are actively working against their businesses.

“Treasurer Eric Roozendaal likes to talk about the ‘green shoots’ he sees appearing, but for the last quarter NSW recorded the lowest proportion of small and medium size businesses in any state or territory that reported increases in sales, employment, wages, profitability and capital expenditure.

“Maybe if the Treasurer was focussed on the state’s economic numbers rather than the backroom factional numbers as he wheels and deals in an attempt to become Premier, small and medium size businesses would have more confidence in the NSW Government.

“The broken NSW Labor Government’s failed economic policies are holding small and medium size businesses back whilst the world economy recovers.

“The NSW Liberals & Nationals have positive and practical plans to restore the economy by lowering taxes and supporting business growth.

“If Nathan Rees was fair dinkum about saving jobs, he’d have adopted the NSW Liberals & Nationals plan to cut payroll tax by 15% plus an additional 5% in areas of high unemployment.

“A cut to payroll tax would have sent a strong message to employers that NSW is open for business and government is serous about creating jobs and growing the economy.

“Only a change of Government can deliver the change needed to restore the NSW economy,” Mr Baird said.

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