Increasing rate of businesses going broke

Рет қаралды 13,744

Күн бұрын

More than 2,500 businesses have gone broke this year, which is around 36 per cent higher than a year earlier.
The combination of higher interest rates, subdued demand for discretionary goods and the ongoing woes for the building industry are combining, to push more companies into insolvency.
ARITA CEO John Winter says there’s a “significant part of catchup” going on from the pandemic, which plays a role in insolvencies.
Mr Winter said in a normal economic cycle, there are probably about 10,000 companies that “would’ve gone broke” during the pandemic period.

Пікірлер: 123

@rogermckinnon5738 Ай бұрын

Labor is destroying this country. Pinocchio Albo, Blackout Bowen and Wrong Dong Wong seriously need to go

@bretloyd8097 Ай бұрын

How so, in terms of sme's?

@farcry5299 Ай бұрын

Doing exactly what they were installed (not elected) to do

@ZELJKO472 Ай бұрын

Selected to do what they are doing.

@scorp2011hd Ай бұрын

@@bretloyd8097wake up🙄

@yowten8994 Ай бұрын

The economy is tanking thanks labour.

@Prognosis__ Ай бұрын

😂 has Labor ever been concerned with private and small companies?

@user-jr4uf1dc9k Ай бұрын

No. barry lost a few acc. Last nite .in the us.🐸. He/her is pissed.🤓😂

@rhyno1740 Ай бұрын

@@user-jr4uf1dc9kOK Mayo😊.

@denistrethewy7288 Ай бұрын

Government does there best to over tax and destroy small business .

@TrickyBoyisaBoganPussy Ай бұрын

Almost like Labor doesn't value ambitious, capable people. *You were warned, during your response to COVID, that this would happen. And as ever, you got defensive and refused to listen*

@nomyafiftyonefifty8081 Ай бұрын

Yep, tin foil hat wearers and conspiracy theorists hey.

@TheWiiplay Ай бұрын

Same thing happening in the US.

@dxer22000 Ай бұрын

rents are killing a lot of small businesses

@tammymarks Ай бұрын

Because of the anti business government.

@rabidsminions2079 4 күн бұрын

No wages have not kept up with inflation so now the public cannot afford to shop in businesses.

@B61Mod12 Ай бұрын

10 years ago I walked into a Godfrey’s store and looked around and thought: “how is this place still in business?”

@Pedroaghyu Ай бұрын

The voters are responsible we voted for this moronic government. We have the government we deserve. The lockdowns destroyed people’s life’s

@barryaaa5909 Ай бұрын

I would've voted out Scomo again, just wish it wasn't Albo.

@rhyno1740 Ай бұрын

The majority didn't vote for this government.

@barryaaa5909 Ай бұрын

@@rhyno1740 I just had enough of this 2 party rule. And if it takes this country going broke to make people realise there is more then just 2 parties worth voting for I won't change.

@scorp2011hd Ай бұрын

ONLY the NAIVE & SELFISH voted for the Labor clowns 🤡

@rabidsminions2079 4 күн бұрын

No businesses keeping a lid on payrises come back to bite them no sympathy....

@daveevans4260 Ай бұрын

fuel , electricity government red tape , government making rules that have never worked in the private sector

@ZELJKO472 Ай бұрын

If govt were in private sector ALL would be failed enterprises

@shyamchabra5355 Ай бұрын

After Covid, about half of all small businesses in Australia closed their doors.

@royevetts4900 Ай бұрын

is it any surprise? Labor wants government dependency and just jobs for its corporate mates.

@peterburke8650 Ай бұрын

Facism.

@olddog-fv2ox Ай бұрын

@@peterburke8650well labor is a national socialist political institution

@peterburke8650 Ай бұрын

@@olddog-fv2ox I think you need to google the meaning of facism.

@HS-PGA Ай бұрын

This is soooooo true 👏👏

@olddog-fv2ox Ай бұрын

@peterburke8650 I did and got, the Australian Labor party

@peterburke8650 Ай бұрын

Albo nomics.

@ThePresidentOfAustralia Ай бұрын

"How is your restaurant going bro" "Maann i just pay this Chinese guy"

@user-hj2kt4xc9h Ай бұрын

“If we ever allow Private Banks to Control the Issue of Currency, First by Inflation, Then by deflation, We’ll All end up Broke and Homeless on the Continent our Forefathers Founded!” - Thomas Jefferson

@sirstiffpilchard Ай бұрын

This Govt does not care about small businesses -

@JasonISF Ай бұрын

I've been running a small car detailing business for almost 10 years now, and 2023 was terrible for me, and this year is looking even worse. I don't think I'll be able to survive after this year.

@dy6682 Ай бұрын

Sorry to hear about this . A lot of small business owners can relate…..

@JasonISF Ай бұрын

@@dy6682 thankfully I started investing hard in 2020, so even if my business folds I'll be ok.

@rabidsminions2079 4 күн бұрын

You can thank the business sector for not increasing wages to keep up with the inflation rate of 6.61% in 2022 and 4.1% in 2023. If businesses as a group fail to keep wages at the inflation rates they eventually find that customers stop spending in their businesses. Businesses keeping a lid on wages has come back to bite them.

@user-jr4uf1dc9k Ай бұрын

Labor.

@scorp2011hd Ай бұрын

Labor = USELESS

@cookiesoftware925 Ай бұрын

Gold and silver are going through the roof though. Get gold, go on the dole and laugh while it all burns.

@unvaccinatedAndPureBlood Ай бұрын

All by design. So they can centralize into one large business conglomerate, and keep more profits and turn the middle and poor class as the slave class

@desking8065 Ай бұрын

How many coffee shops do you need. It's stupid for coffee shops to be paying rent for a start. You have to remember it is a coffee shop.

@Response1980 Ай бұрын

Rent fuel and electric is killing smaller businesses

@rabidsminions2079 4 күн бұрын

And customers whose wages failed to keep up with inflation, funny how the customers no longer spend in businesses.

@deanmanly7622 Ай бұрын

What about Beaurepairs.

@downtoearth1950 Ай бұрын

The corporations are becoming too powerful....killing competitors.

@timifumi46brown91 Ай бұрын

all on labor !! it was hard before, but these guys have fast tracked their demise, labor and all their poor policies across so many sectors is killing this country!!!

@vernonwhite4660 Ай бұрын

Guess who said "I KNOW YOUR DOING IT TOUGH" 😊

@anitacohen8753 Ай бұрын

Not a word on the increasing prices of prescriptions.....have a look!

@user-yw1rp4rj4u Ай бұрын

SV Partners….LOL….$500 per hour feeding on the bones of businesses….

@cameronbrown1532 Ай бұрын

i own a business and pay tax on time , ATO has Allowed none tax paying none super paying bossiness to trade while insolvent , and not pay there contractors , good to see the ATO cracking down on them

@marktanska6331 Ай бұрын

Well, if we applied the same computer modeling we use for climate, disaster would be 10 years away. Now there has to be some who see the irony of 10 years???

@mudbutton2 Ай бұрын

Oh but we flattened the curve

@rabidsminions2079 4 күн бұрын

Wages have not kept up with inflation for years, then businesses find that people cannot afford to buy from your business no sympathy. One report said that wages went up by 8% in 2 years but inflation went up by 10.7% so a shortfall of 2.7% so it should be no surprise when you have less customers...... because they can no longer afford to shop at your business much like when those businesses couldnt afford increase wages at the inflation rate.

@hypebeastreet6308 Ай бұрын

The government should differentiate the taxes, penalty rates, superannuation, insurance, etc between small businesses and big corporations. Small businesses pay more rents in SQM and still need to pay a lot of taxes, superannuation, insurance, and it’s effecting the cash flow

@markmedia8252 Ай бұрын

A lot of the problem is to much red tap High prices on raw materials High prices on transporting materials And all that get put on to the price that people pay for it To fix this scrap GST And everything goes down by 10%

@nomyafiftyonefifty8081 Ай бұрын

FMD really!! 🤦‍♂️🤦‍♂️ I wonder why.

@WeveGotBush Ай бұрын

That's the plan.

@pkd6369 Ай бұрын

not one lie-bor minister has ever had a legit busness ."exept cheating on allowances"

@husa58 Ай бұрын

when labor is gone thats when

@VishalSharma-bg7qj Ай бұрын

And the RBA comes out the Australian economy is resilient… money is too expensive to borrow and it’s starting to show… everything is based on credit

@garryharrington8255 Ай бұрын

when i had a busines the gst made more money than i did, no thanks mate

@windsong3wong828 29 күн бұрын

High interest rate always whack small businesses. Stock mart will not go up.

@jimlofts5433 Ай бұрын

why oh why aren't small business listening to the govt spin on MSN and ABC (Pravda) instead of worrying about increases in power / taxes / rates / inflation / wages / compliances / insurance / Superannuation / ESG and DEI - Its all ok under the marxists

@alexandrugeorgescu6366 Ай бұрын

everything is OK or is it K0...? anyways...?what's for lunch? insects & arachnids or boiled tree bark?

@elainehodge9415 Ай бұрын

Labor is working against the people as always, but there are so many people think they do a great job. Sorry to bust your bubble, but Labor works for China, not us. Take a stand and revolt against what they are doing to all Aussies!!