Small to medium business confidence improving

Business confidence report finds government's low popularity level due to a lack of incentives and support.
Business confidence report finds government's low popularity level due to a lack of incentives and support. Patrick HAMILTON

SMALL and medium business owners' confidence might be improving, but their faith in the Queensland Government remains low.

The Sensis Business Index August 2015 report found certainty had reached its highest level in more than year, close to the national average.

The quarterly snapshot, which surveyed 80 regional and 90 metropolitan small and medium Queensland businesses, said owners' confidence had lagged behind for some time.

Sales reached positive territory and were well above the level observed at this time last year.

While those surveyed said profitability had improved, it was not in a positive space overall.

The report found a lack of incentives and support had maintained the government's low popularity level.

One third of those surveyed thought the government's policies worked against small businesses.

While 12% supported the policies, more than half felt they had no impact.

Treasurer Curtis Pitt skirted around the findings, focusing on the rise in business confidence.

"Sales and profitability have improved and expectations on both indicators are upbeat," he said.

Mr Pitt admitted the report showed businesses were looking for more incentives.

"The Palaszczuk government has introduced an incentive for employers who hire new apprentices or trainees, who will get a 25% payroll tax rebate on the payroll tax of another worker," he said.

"We've also committed to introducing no new fees, taxes or charges in our first term to give businesses the confidence they need to invest.

"We'll continue to work with business and industry to promote growth, investment and job opportunities in Queensland."

Of those surveyed nationwide, one quarter supported the Federal Government's policies, one quarter opposed them and the other half felt they had no impact.


Topics:  business business confidence queensland government

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