Portfolio Media

Worse times ahead for Victoria’s economy

27 November 2020

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,...

read more

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

20 November 2020

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...

read more

Victorian economic crisis hits women hardest

19 November 2020

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...

read more

Victorian jobs crushed by Daniel Andrews’ incompetence

18 November 2020

The lockdowns Victorians have endured as a result of Daniel Andrews’ second wave of coronavirus have demolished the number of employment opportunities in Victoria. The Nationals Skills Commission’s latest Vacancy Report shows that over the past 12 months Victoria has recorded the largest drop in jobs advertisements of any state....

read more

Victorian small business abandoned by Labor

17 November 2020

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...

read more

Victorians rightly worried about economic future

05 November 2020

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...

read more

Victoria’s retail economic horror story

04 November 2020

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...

read more

Victoria’s second wave causes biggest fall in payroll jobs

04 November 2020

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...

read more

Liberal Nationals’ positive plan to freeze bills to help households

31 October 2020

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...

read more

Small and medium business confidence in Victoria continues to struggle

29 October 2020

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...

read more