Portfolio Media

Labor’s failed IT system ends up in sale of VicRoads

05 March 2021

The Andrews Labor Government has today thrown in the towel with its outdated IT system for VicRoads and will instead sell off part of the business that runs licencing and number plates. The privatisation of VicRoads’ licencing and number plate division will mean the data of all Victorian motorists will...

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Payroll jobs down as lockdown hits small business

03 March 2021

The latest payroll jobs figures released today by the Australian Bureau of Statistics show the effect Daniel Andrews’ Victoria-wide five-day lockdown had on employment, impacting mum and dad small businesses the hardest. For the two week period between 30 January to 13 February, payroll jobs in Victoria fell 0.4 per...

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ANZ report shows Melbourne faces biggest economic crisis in a generation

25 February 2021

The latest ANZ Stateometer report has detailed the scope of the economic disaster that Melbourne is suffering. ANZ predicts Victoria to be the only state’s economy (Gross State Product) that will shrink in 2020-21 financial year, while every other state and territory is predicted to grow. The report for the...

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Moody’s joins Standard & Poors in downgrading Victoria’s credit rating

23 February 2021

Credit rating agency Moody’s has joined Standard & Poors in downgrading Victoria’s credit rating. Less than three months after Standard & Poors downgraded its credit rating for Victoria two levels from AAA to AA, Moody’s has downgraded its credit rating for Victoria from AAA to AA1 and changed the outlook...

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Labor wastes more than $25 billion on cost blowouts

22 February 2021

The Andrews Labor Government has proven again that it can’t manage taxpayers’ money.  With only three months until the Victorian State Budget, Victorians and the Treasury Department are no closer to understanding the growing cost blowouts on Victoria’s major projects under Labor.  During questioning by the Liberal Nationals, today at...

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Little sign of jobs recovery in Victoria before lockdown

16 February 2021

The latest payroll jobs figures for the last two weeks of January, released today by the Australian Bureau of Statistics (ABS), show little sign of a recovery in Victorian jobs. For the two weeks from 16 January to 30 January, the growth in payroll jobs in Victoria was the smallest...

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Conditions for Victorian small business still worst in Australia

11 February 2021

Data released by the National Australia Bank (NAB) today has confirmed that business conditions for Victorian small and medium enterprises (SMEs) remain the worst in Australia. The NAB Quarterly SME Survey, released today, shows Victorian SME business conditions at less than +5 points, which is well behind overall Australian SME...

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December figures show Victorian retail in crisis

05 February 2021

The December retail trade figures released today by the Australian Bureau of Statistics (ABS) show that the Victorian retail sector is in a deep crisis. According to the figures, compared to the previous month, in December retail trade shrunk in Victoria in seasonally adjusted terms by 6.8 per cent, the...

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Victorian business conditions worst in Australia

04 February 2021

Data released today by the National Australia Bank (NAB) show business conditions in Victoria are the worst in Australia.  According to NAB's Quarterly Business Survey, Victoria's business conditions remained negative for the December 2020 quarter, while they improved in every other mainland Australian state. While overall business conditions in Australia...

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Victorian small businesses continue to lose jobs

02 February 2021

New data released today confirms that jobs in Victorian small businesses continue to go backwards following the Andrews Labor Government’s mismanaged COVID-19 response.  The Australian Bureau of Statistics weekly payroll jobs data for the period January 2-16 showed that payroll jobs in Victorian businesses with fewer than 20 employees fell...

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