Pages tagged "Portfolio Media"


Worse times ahead for Victoria’s economy

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, meaning that the economy was not recovering but continuing to deteriorate. 

Many key indicators inside the Victorian economy were also showing the depth of the crisis in which the state finds itself. Business sentiment remained about 7 per cent below average, retail sales were down 6.6 per cent, and Melbourne has experienced the largest dwelling-price declines of any capital city, with prices down 3.1 per cent and continuing to fall. 

All this contributed to employment being 6.5 per cent lower in September than it was in March when the pandemic began. 

Comments attributable to Shadow Treasurer, Louise Staley: 

“The more data were are seeing, the more confirmation we have of the size of the economic crisis facing Victorians. 

“As the rest of Australia recovers from the COVID-19 pandemic, Victoria’s economy continues to struggle due to the second wave caused by Labor’s bungled hotel quarantine program and inadequate contact tracing. 

“The employment stats confirm what the ABS has told us: tens of thousands of Victorians have lost their jobs during this pandemic. 

"Now is the time to restart Victoria’s economic recovery.  Every day that Labor fails to act is another day Victorians are looking for work, looking to make ends meet and looking for hope. 

“Victoria is now the economic basket case of Australia, due to Labor’s mismanagement and recklessness.” 

Media contact:  Tineka Everaardt   0408 210 293   Tineka.Everaardt@opposition.vic.gov.au


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

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 the first year the Victorian economy has shrunk since FY 1991-92. 

This confirms that the economic crisis in Victoria started before the pandemic hit in March. 

Contributing to this outcome, Victoria recorded significant falls in gross value added in many key industries in 2019-20. 

These falls include accommodation and food services (down 12.1 per cent), agriculture, forestry and fishing (down 6.4 per cent), arts and recreation services (down 6.1 per cent), and transport, postal and warehousing (down 5.6 per cent). 

These figures do not include the economic damage from the second wave of COVID-19 caused by Labor's bungled hotel quarantine program and disastrous contact tracing. 

Comments attributable to Shadow Treasurer, Louise Staley: 

"This data from the ABS confirms that under Daniel Andrews, Victoria is enduring its worst economic crisis since the bad old days of John Cain and Joan Kirner. 

"For the first time in nearly 30 years, our economy has shrunk, and today’s figures show this started well before COVID-19 reared its ugly head. 

"Unemployment among women and young people are at historic highs. Small and medium-sized businesses are struggling to keep people working. 

"Daniel Andrews and Labor need to provide a plan for economic recovery, so Victorians can get back to work and back in business."

Media contact:   Joshua Morris   009 931 430   joshua.morris@opposition.vic.gov.au


Victorian economic crisis hits women hardest

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 rate among women, which rose from 7.6 per cent in September to a staggering 8.8 per cent in October, the highest rate of unemployment among women in Victoria this century.

The total of unemployed women in Victoria was 146,500, which is the highest on record.

This total has risen by 51,000 since the start of the pandemic.

In Victoria 141,000 jobs have been lost since the start of the pandemic (March 2020). This remains by far the worst job loss for any state, with the next largest job loss number being 52,300 job losses in New South Wales.

Youth unemployment in Victoria also increased again in October and now stands at 18.2 per cent. This is the highest youth unemployment rate recorded in Victoria since January 1998.

Comments attributable to Shadow Treasurer, Louise Staley:

“Today’s unemployment figures show that Victorian women are bearing the brunt of this economic disaster.

“This disaster, a result of the second wave of COVID-19 caused by Labor’s bungled hotel quarantine program and inadequate contact tracing, has thrown 51,000 Victorian women on the job scrapheap.

“These are the women who work in industries hit hard by this pandemic, such as retail, hospitality, fitness, and other small businesses.

“Women have been abandoned by Daniel Andrews and Labor, who prioritise male-dominated industries like construction to provide jobs for their CFMMEU mates.

“This inequity must be addressed urgently. Victorian women need a plan to get back to work and back in business.”

Media contact:   Joshua Morris   009 931 430   joshua.morris@opposition.vic.gov.au


Victorian jobs crushed by Daniel Andrews’ incompetence

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.

Job advertisements in Victoria are down by 23.3 per cent or 10,000 job advertisements.

The majority of this fall in job advertisements occurred in Melbourne, where a 38.8 per cent fall has been recorded over the past 12 months.

This was the largest fall in job advertisements recorded for any region in Australia.

Geelong and Surf Coast and Surf Coast (down 27.9%), Gippsland (down 16.9%) and Ballarat & Central Highlands (down 13.3%) have also recorded significant falls in jobs advertisements.

Together with Melbourne, these regions have recorded four of the five largest reductions of job advertisements in Australia over the past 12 months.

The Liberal Nationals have a comprehensive plan to get Victoria “Back to Work and Back in Business” and call on Daniel Andrews and Labor to back our plan to re-start the Victorian economy.

Comments attributable to Shadow Treasurer, Louise Staley:

“These devastating jobs vacancy numbers show the heavy price Victorians have paid for Labor’s COVID incompetence.

“Daniel Andrews must immediately release a comprehensive plan to get over 219,000 Victorians who have lost jobs back to work.

“Pie in the sky projects like Labor’s Suburban Rail Loop won’t deliver the jobs Victorians need right now.

“Daniel Andrews’ incompetent management of hotel quarantine caused Victoria’s second wave but his failure to fix contact tracing kept Victorians in the second wave for so long.”

Media contact:   Joshua Morris   009 931 430   joshua.morris@opposition.vic.gov.au


Victorian small business abandoned by Labor

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 at over three times the rate of businesses that employ over 200 people.

Since the pandemic began in March, payroll jobs in small businesses that employ under 20 people have fallen by 9.4 per cent and in businesses that employ between 20 and 199 people by 9.3 per cent, while large businesses that employ over 200 people have only seen a 2.7 per cent reduction in payroll jobs.

Overall, Victoria's payroll jobs have fallen by 6 per cent since March, which is the highest fall of any state, mainly due to the second wave caused by Labor's bungled hotel quarantine program and inadequate contact tracing. 

Total wages in Victoria over the same period have fallen by 4.8 per cent, which is higher than the national total of 4.3 per cent. 

Comments attributable to Shadow Treasurer, Louise Staley:

"Today's data from the ABS confirms that Daniel Andrews and Labor have turned their back on small and medium businesses.

"Small business is the heart of our economy. These figures show that many small businesses like the ones in hospitality, entertainment, trades, and services, are really suffering.

"Among businesses with under 200 employees, almost one in every 10 jobs has been lost during this pandemic.

"Despite this, we have seen no plan from Daniel Andrews and Labor to get these businesses going again.

"These businesses desperately need a real plan to get them back to work and back in business.”

Media contact:   Joshua Morris   009 931 430   joshua.morris@opposition.vic.gov.au


Victorians rightly worried about economic future

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 that consumer anxiety around job security and government policy in Victoria is the highest in Australia. 

Victoria was also one of only two states with higher levels of consumer anxiety in the September quarter compared to the June quarter. 

Victorians are more concerned about the economy than any other state in Australia. 

The report covers the period for Victoria’s second wave of COVID-19 caused by Labor’s bungled hotel quarantine program and inadequate contact tracing. 

Comments attributable to Shadow Treasurer, Louise Staley: 

“Another report today shows that Victorians are rightly worried about their economic future under Daniel Andrews. 

“With 219,000 Victorians having lost their jobs since the pandemic began, we need a plan to get people back to work and back in business. 

“More than anywhere else in Australia, Victorians are concerned about Daniel Andrews getting them out of this mess. 

“The Liberal Nationals have a plan to create jobs across all sectors of the Victorian economy so Victorians can get back to work.” 

Media contact:   Joshua Morris   009 931 430   joshua.morris@opposition.vic.gov.au


Victoria’s retail economic horror story

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 comparison, NSW is up 2.4 per cent and QLD up 1.2 per cent since March as these states have kept their shops opened even with ongoing daily COVID cases.

This dramatic fall in retail trade can be directly attributed to the heavy restrictions implemented in Victoria in response to the second wave caused by Labor’s botched hotel quarantine program and inadequate contact tracing.

Comments attributable to Shadow Treasurer, Louise Staley:

“These retail trade figures demonstrate the economic disaster Labor’s second wave of COVID-19 has caused in Victoria.

“Retail trade has shrunk by nearly 18 per cent in Victoria since March, which has thousands more Victorians out of work.

“Victorian retailers badly needs a plan to get back to work and back in business. Retail opening up is a good start, but many small retail businesses will need real support to get back on their feet.

“This month’s State Budget must include meaningful and significant measures to rebuild Victoria’s retail sector.”

Media contact:   Joshua Morris   009 931 430   joshua.morris@opposition.vic.gov.au


Victoria’s second wave causes biggest fall in payroll jobs

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 have fallen by 8 per cent, which is at least double the rate of every other state in mainland Australia.

The reduction in total wages in Victoria since the start of the pandemic is 6.2 per cent, which is worse than every other state.

This news follows the most recent ABS employment figures for September 2020 which saw a further 36,000 Victorians lose their job, and 55,000 more Victorians give up looking for work.

The Liberal Nationals’ Back to Work Plan will generate new jobs throughout the Victorian economy and return job security, and the feeling of security, to all Victorians.

Comments attributable to Shadow Treasurer, Louise Staley:

“The payroll jobs data released today is another punch in the stomach for long-suffering Victorians who are looking for work.

“They show the economic disaster caused by the Andrews Labor Government’s bungled hotel quarantine program and inadequate contact tracing.

“While Victorians have done the right thing and should be looking forward to coming out of tough restrictions with a sense of hope, these numbers will destroy those hopes.

“Daniel Andrews and Labor need to provide meaningful support to help create jobs in small businesses and private enterprise, so Victorians can get back to work and back in business. This means making sure there are no new or increased taxes in this month’s State Budget.”

Media contact:     Anja Wolff     0435 827 028     anja.wolff@opposition.vic.gov.au


Liberal Nationals’ positive plan to freeze bills to help households

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 shifts and wages, but cost of living continues to rise and many Victorian families are suffering.  

The Liberal Nationals have put forward to the state government a number of positive ideas to immediately assist Victoria’s economic recovery.

The Liberal Nationals are calling on the government to immediately help ease hip pocket pain and:

  • Freeze all household water and sewerage charges until 30 June 2022
  • Freeze all metropolitan and V/Line public transport fares until 30 June 2022
  • Provide free public transport for school and university students until 1 January 2022
  • Freeze all local government rates until 30 June 2022 with funding support from the State Government.
  • Freeze all toll road charges with Transurban and ConnectEast until 30 June 2022.

And for younger Victorians keen to get back on the road, the plan to get Victorians back to work includes half price registration to all P-plate drivers until 30 June 2022. 

By reducing the cost of living, Victorian families will have more money in their pockets meaning they have more to spend with local businesses.

Comments attributable to the Leader of the Opposition, Michael O’Brien:

“Throughout this second wave Daniel Andrews has looked after his union mates rather than families and small businesses and their staff. The least Labor can do is assist families who are doing it tough because of the government’s mistakes.

“Labor has no plan to assist families under financial stress, so we are urging it to adopt the Liberal Nationals’ plan to get Victoria back to work.”

Comments attributable to the Shadow Treasurer, Louise Staley:

“Labor has no economic recovery plan for Victoria. Time is not on our side and we must act urgently to help all Victorians get back to work.

“Victorians have been hit harder than any other state and the Liberal Nationals’ plan to get Victoria back to work will help repair the economic damage that’s been done by these lockdowns.”

Media contact: Emma Manser    0437 225 386    emma.manser@opposition.vic.gov.au


Small and medium business confidence in Victoria continues to struggle

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 that has recorded SME confidence in Victoria at below -15. 

Victorian SMEs also believe conditions are poor, with a -15 rating. Again, this is the second consecutive report with a sub -15 rating for that metric. 

Compared to the 2nd quarter of 2020, which was the height of the first wave of COVID-19, every other state in mainland Australia has recovered SME confidence except Victoria. 

Comments attributable to Shadow Treasurer, Louise Staley: 

“The NAB Quarterly SME survey results are yet another confirmation that Victoria’s economy is doing the worst of anywhere in Australia.” 

“While the rest of the country has started their economic recovery, Victoria lags way behind due to the second wave caused by the Andrews Government’s bungling of its hotel quarantine program and inadequate contact tracing.” 

“Considering the lack of support Daniel Andrews and Labor are giving to small and medium enterprises, it’s no wonder confidence among this sector is so low.” 

“Victorians looking for work and wanting to get their businesses going again need a plan.” 

“A state budget with real support for these struggling small businesses and no new taxes would be a good start.” 

Media contact:   Joshua Morris   0409 931 430   joshua.morris@opposition.vic.gov.au