Australia could see 10,000 small businesses collapse by end of June
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- เผยแพร่เมื่อ 16 พ.ค. 2024
- Australia is on track to see 10,000 small businesses collapse by the end of June, the worst number in 11 years, Sky News Business Editor Ross Greenwood has revealed.
CreditorWatch has said the number of businesses in external administration has hit a record high.
“In the nine months leading up to the end of March, there’s around 7,700 small businesses that have collapsed, and that’s up 36 per cent,” Mr Greenwood said of the matter.
“That means potentially we are on line to see some ten thousand businesses collapse, in the year to June 30.
“In that case it will be the worst number of businesses that have collapsed in 11 years.”
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This is exactly what WEF want. Destroy the middle class.
Albos Agenda is on target!
Ok flat eather
@@lannyjr1042 you sound boosted
@@user-sk2ix7fv2q 😂
@NeriaWolf No...the lower class are already destroyed by definition. Chumpy is spot on. It is public knowledge as stated indirectly by the WEF.
Total population; 28 million people.
People with Jobs; 14 million..
Any wonder why taxes are so high?🤔
Social programs, public servants, bureaucrats. Your future. Industry, farming, manufacturing finished
@@ZELJKO472And there goes the country with it. Job well done by people who don't know what day it is right here in Australia.
I believe that well over 2 million of those "jobs" are government jobs we are also paying for.
There are 14,5 million taxpayers in this country makes you wonder who this governments thinks is going tompay of the mega billion dollar debts they keep accummulating and subsidies they keep handing out.
Over 5.7 million are kids and 4.1 million are retired. Over half a million are international students.
Start using cash people.
Never stopped, but I don't see others doing it.
So where can I get some cash from - ATMs and Bank branches are getting scarce.
@@roger-rabbit Tried Post Offices?
Most banks seem to have an agreement with them and if they have the cash on hand you can withdraw it.
I do it every week.
I never use cash anymore since covid as cash carry's deadly viruses. I always use my visa and pay apps now.
@@roger-rabbit woolies
ALP hates small bussness, and farmers home owners
Yes they do!
And Australians and Australia..
Of course they do, this is because with the exception of home owners they know that most small business owners are idiots. They must be because 90% of them end up getting swindles and going broke. Farmers are acting like idiots because they don't believe that they will be replaced by factory farms, and by smart people growing their own food at home. Be a home owner, grow your own food, recycle and reuse whatever you can, and screw Woolworths and their shareholders.
They govern for Activists
Stupid comment
Australia is buggered.
It ain't over until the fat lady sings.
ALL BY DESIGN..
Agreed
Klaus Schwab of WEF
" You Will Own Nothing & Be Happy "
I think Claus is indisposed in an ICU somewhere
They dropped the happy bit
You will own nothing and be. There's nothing to be happy about it.
Eat some bugs and shut up
Everything is going to plan for the WEF.
Labor= socialism
Communism actually.
@@vivrowe2763 Neither actually.
@@oldbloke204 IDK does feel like if the Soviets are trying to recreate a Utopia, just instead of a repeat it rhymes.
@@vivrowe2763 Grow up 🙄
Grow up 🙄
10000 small businesses closing up? Albo and HIS union MATES will say “it’s all going to plan”
What is wrong with that you dumbo?
Why would unions want people out of a job? Unions only exist if people ARE employed
11 years ago the Libs were in power when the numbers were worse.
Exactly
@@BornAgainCynic0086 11 YEARS ago? Hahaha
10,000 votes against each way Albo.
Why does Albo want to change everything about Australia 🇦🇺
Does he not know hes destroying Australia.
that would require him to have a brain able to do critical thinking. he's an activist and they aren't capabable of such thought.
He knows exactly what he is doing the mongrel treasonous bastard this is deliberate destruction of Australia
11 years ago the Libs were in power when the numbers were worse.
Socialism, the art of deceit, that happens when you vote Labor/Greens-Teals...
Listening to a politician speak is like showering in raw sewage. You may think they know what they are talking about, but the truth is that they probably know less that you do, and you know virtually nothing except whatever you can touch and experience personally.
This has been planned for a couple of years. There’s a long way to go yet. By 2030, Australia will look very, very different.
Haven't seen anything yet, Wait for A.I. to really kick in over the next few years, You can kiss a lot of those cosy high paying office jobs goodbye.
We Won't need much A.I. to Replace Most of the Politicians !
Not only them, all jobs. Even job interviews are online now with AI doing the interviews.
Great, I am going back to being a rich peasant, owning my own land and house, growing my own food and making my own utensils. Peace perfect peace, and no bloody politicians, Jehovah Witnesses or real estate agents knocking on my door trying to mess it up.
Ironically it may actually indeed be 'white collar' jobs that are initially more effected then 'blue collar' jobs. However while there are certainly serious concerns about A.I going too far, technological employment disruptions need not necessarily be a major concern provided we have the right economic framework and policies in place.
It could involve direct financial compensation for employees affected, shorter work weeks with no loss of pay (in fact in 1930 economist John Maynard Keynes predicted (too optimistically) that by 2030 the typical work week would be 15 hours per week), some form of Universal Basic Income, some type of Job Guarantee program.
These are just some initiatives that could be used and they could be used in combination with each other. There are a variety of ways we can help ensure that technological advances work for us and not against us.
You would need A.S. to replace the HR department jobs. That's Artificial Stupidity.
14 million WORKING 😅😂😅,
About 7 million employed by the government ,
No wonder we are going broke
7 Million Including Doctors, Nurses, Teachers, Teacher Aids, Police, Ambos, Firemen, Soldiers, Sailors and Airmen. All those worthless people living on a Government pay check and never giving anything back to Australia.
The corrupt garbage like Coles and Woolworths keep going while decent small businesses are destroyed. People need to boycott Coles and Woolworths, and other large companies like McDonalds and support all of those small businesses. Businesses who care and respect customers.
Of course decent small businesses are destroyed, this is because as with the majority of young people including you, they are naive and go into business without knowing what they are doing.
@@sandponics You are an fool.
And you didn’t see this coming!?!?
Started with lockdown 1 in 2020
I’ve been in business for 3 decades and frankly I believe many more businesses will fold past the 10k mark. I blame it on our socialist federal government.
11 years ago the Libs were in power when the numbers were worse.
Cut to zero immigration for a while.
But immigration is preventing more small businesses from going under. Less immigration, less small business. I’m not advocating for more immigration, but if you’re a small business owner, you should be.
@@doggiebaggage Sorry, no. Over 500 thousand in one year is more than enough. You could turn it off for a year or two without affecting small businesses. It should be 100,000 or less a year, not more than 500 thousand.
Stop, and deport. Don't you fellas realise they are invaders waiting to smack you from within??
But according to labor, Australia is in the best condition it has been in in years.
Biden says the same in America too
Pigs can fly too.
they forgot one word CRITICAL condition ICU ward. Thanks to labor
Western Australia is looking OK, but the Eastern States are looking a bit sick. Possibly WA should do an Au exit (WAxit). It is a pity, but what must be must be, what with an idiot like Albo in control of the eastern states government and the other idiot Dutton wanting to build stupid nuclear power stations.
now who is the idiot suggesting WA AU exit as far as nuclear power lots of other countries have it don't know where you are but i would bet if your in Australia Albo governs your state as well@@sandponics
ALPs Fault
You voted them in!
Absolutely not. This crap started with the lockdowns in 2020. Labor walked into a massive mess so resorted to crazy immigration to avoid a recession. Buy it's all just delaying the inevitable recession that is coming.
No one seems to ask how many new jobs have been created by the Commonwealth’s spending like a drunken sailor on NDIS.
Productive commercial jobs have been supplanted by NDIS contracting work, so we can expect Australia’s productivity to plummet under Labor’s uncapped nation-killer scheme.
When you are old, you may need someone to look after you, because your kids if you have any, probably won't give a shit, as they will be too busy on TikTok or watching stupid TH-cam videos such as this one.
@@sandponics The problem lies with privatizing and the companies are there to make profit.The cost of caring for one person is more than an average income of most people.
@@sandponics The NDIS is not an aged care scheme.
@@mehmettemel8725 The problem is not privatisation but with a system that provide no checks or balances on delivering value for money. It invites rorting, with an uncapped bag of gold on offer.
The Great Albozo's🤡 Circus Train Wreck... arriving at, and hitting all stations.
The great democracy train wreck. China will also have a great totalitarian train wreck soon. No matter what political system we use, we always end up buggering it up in the end. We the people are the problem, not the solution.
11 years ago the Libs were in power when the numbers were worse.
Ever since COVID 19, people have been working from home and leaving a large number of offices empty in our large cities. Companies have discovered they can still function without having to buy or rent vast amounts of office space. In many of the American big cities, office buildings are 50% vacant. Huge tax revenue losses, mean cuts in law enforcement and other essential services. This tends to spiral out of control because as conditions worsen, more people leave, and taxes rise to make up for revenue losses. I live about 15 miles away from a big city that was considered safe and prosperous 10 years ago and now they are on the brink of bankruptcy and is now unsafe to live in.
You sound like a very smart individual. Keep away from business as it is toxic. Buy some land out in the country and away from all the city idiots, build a house, and grow your own food. Then you can live like a king off the fat of the land. Oh yes, and don't waste too much time watching dumb videos on the stupid Internet.
That's what they wanted from the start 4 yrs ago. All part of the plan.
Labor have always ignored small businesses only focusing on union controlled employers. Albanese union stooge and career politician what would he know about having a real job.
I didn't need no union to look after my interests, and now I am old, rich, and evidently a lot smarter than your generation.
11 years ago the Libs were in power when the numbers were worse.
Forget your promised interest rate decreases anytime soon ie never 😮
Sovietisation.
Albonomics
Labor absolutely cooked this country. GET THEM OUT ASAP
There is no way business to survive if you have to pay the High Rent in australia!!!
Ever wondered why the rent is so high? I'll give you a clue. One-giant-city-per-state policy, poor transportation, mates making money from mean zoning.
People are not spending shops are empty,
Electricity goes up and up and you wonder why small businesses call it a day? Petrol is also a problem. Then there is housing...
the all because of government greed ?? there less franchsie on northshore sydney in 24 months taxes & regulations gone up 30%
So Ross. But there is no problem as the IMF has designated Australia a number 2 ranking for government budget management. Mind, if I could steal from my customers every time I have a budget shortfall, then I would be sweet as well.
Potentially bad economically. But NOTHING compared to your unsustainable, ridiculous-debt-fuelled residential property circus. Now desperately propped up via mass net -in-migration by your representatives who could NEVER confess that's their approach. But, it's unsustainable unless you seek the lifestyle of Mumbai or Hong Kong. Hint: either way - it ends badly.
I only ever owned the house that I and my family lived in, although we have owned several different ones over the years, and we never owned other houses with tenants in them messing me about with their stupid demands. Now that I am retired, I am rich, happy, safe, and well fed. I guess the old ideas are the best, get a good job, get married, buy a house on a good block of land, raise a family, and grow your own food. It has worked for people over thousands of years. Oh, and stop wasting your time on the stupid Internet.
@@sandponics The governments that you elected choked the supply of "good blocks" of land and flooded the place with extra people. So what you propose no longer works.
@@sandponics And here you are commenting on internet.😂I own my house as well but it's getting nearly impossible to buy a house for the younger generation.The ratio of income against cost of housing has gone up considerably. Oh not to mention a good block of land some what around 350 sq metres.
federal government needs to take its head out of its arse and do something, labor is a joke its f ,-ing up Australia.
We chose it and we must face the consequences of our voting. The govt need not change anything. We should change the govt when we next vote.
I didn't vote for them.
11 years ago the Libs were in power when the numbers were worse.
The results of Labor's economic failures are now looming into sight.There are restaurants and cafes that have been in business for years closing down by the day here in SA . Electricity costs, gas prices and fuel prices are killing business ,farming ,manufacturing and transport ALL the price increases eventually end up at the feet of the consumer and we have stopped buying many items as we simply can no longer afford them when this happens it sends a wave of disaster back up the way it came down expect even more businesses to go under
Energy prices wouldn't have anything to do with that would it.
Every ute will taxed off the road by bozo Albo.
A lot of small business owner become Uber driver and they said it’s better this way because they have a lot of pressure from following
- Customer (Customer always right mentality, Negative Google review for unreasonable thing, Crime like stealing or shoplifting is unpunished)
- Government (Taxes, overtime, super, penalties and no support)
- Employees (No skill, laziness, claim for mental health and sickie, complaint and many more).
This is the sad reality that we are facing and people don’t understand if the small business gone, there is no more competition for big corporations and they will control the prices with no customer service and it’s not contributing to the economy since they are based in overseas
Everything on track for the damage that labor has caused
So the bloke was asked a question and he talked crap for a few minutes and never answered the question.so let's go through the list of why the bloke didn't answer the question..first of all is it a government plant and last of all is he Dumb.all of the ten reasons why this bloke never answered the question is pointless. So the number 1 reason business is collapsing is the cost of electricity. No 2 is the outrageous cost of realestate. No 3 is inflation is moving so fast it's Impossible to quote. No 4 is tax is out of control.
No 5 increase in land tax.
Do you believe all those business have closed but only a few people lost their jobs? Show us the unemployment claims numbers guarantee that show the real position.
We desperately need to focus tax more on passive wealth and lower taxes for anything involving work (business taxes, personal income tax from work etc). Have higher taxes for wealth that is not directly earned, and lower taxes for wealth that is directly earned.
Correct. Tax the scams like borrowing out-of-thin air money to buy land and then watch it go up in "value" and borrow more out-of-thin air money based on the valuation. No tax event triggered either.
unemployment is hidden in Micky mouse courses, renewing your qualifications courses there's stacks of people who don't show up in the data
It wouldn’t be a labor government if we didn’t have small businesses collapsing and rising inflation/unemployment
I work in construction and have recently had my hours cut. The industry is dead.
Michael Jackson wrote a song tiled they don’t care about us!
all hail centrelink our mighty savior .
Without Centrelink, nobody else is to blame for being stone cold farking lazy
Sorry ☺️ but your social credit score determines the outcome of your application ☺️
👋☺️🖕
@@JohnsonCranium If you are stupid you get less. That sounds just fine to me, but then I must be smart because I am rich and so I don't give a shit about you.
@@sandponics I don’t need Centrelink 💁♂️
🤣🤣🤣 I gots the cashish 🤣🤣🤣
@@sandponics All right you old fart stop bragging about your riches in every comment.
We miss the tourists and backpackers in Melbourne
Japan lost 100,000 companies due to Plaza Accord.
Australia can do better.
Remove the ALP. There’s always unlimited taxpayer money for those who never have, and never will pay tax
Very sad situation
Australia all about tax a socialist country
Direct tax and indirect tax
What chance does small business have these days
The government treat business people like criminals
Caused by Labor State Premiers.
The worst plan ever labor green's legacy
Who was in power back in 2013?
A common theme 😢
question !!!should we tolerate this going on !!! fed up citizen! .
My friend has a business and he’s getting out the taxation is killing him it’s not worth it for him. Going backwards
BY DESIGN 😡
With the unemployed, wage growth is far less due to idea someone will take your place.
So if this happens then the cost of living will continue with people struggling to make ends meet.
Albo and Jim Henderson may have hit a new target to fund. Giving money away to support these small businesses only if they have union workers.
Labour so anti business
Just supporting the unions
Disgraceful
Unions who did absolutely NOTHING to save workers jobs during Vax Mandates ,bunch of traitorous useless dogs
all media anti franchsie
Just as the plans had intended
😎👍
Your compliance in Covid was greatly appreciated 🙏
Now lay in the bed you made ☺️
Yep, they surrendered for a fake cause, and now support climate. You can't alter stupid. Thank the person next to you for not doing the right thing.
Your compliance much appreciated and for your safety. Chose safety over freedom now pay the price.
Our bed is very comfortable thanks and Australia was one of very few countries where the age of death actually went up during that time.
Pretty good huh?
Name says it all @@oldbloke204
My comment about the flu keeps getting censored.
Just what the corporations want. Thanks labor
Job well done by Labor Govt
We have no requirement for small business. Spending money at small business is akin to charity
9 years of lnp incompetence had to lead to something like this
not imcompetence ,their Agenda
10% haulage tax on trucks labor
Close Bondi shopping mall in tribute to all those lost..
Get it !! not the time or the place
Unless you haven't noticed it's been closed since the attack.
Are you going to compensate the store owners for lack of income?
Why should honest hard working small business owners in Bondi suffer such a ridiculous idea, clearly you've never owned or run a small business have you? Bloodbsweat, tears and passion is at the core of every good small business so why would you want them to suffer? Woolworth and Coles yeah different storym
Ridiculous idea..
This is great news, as it will make room for more new corporate business.
Netflix is not an essential, like take away coffee, my family is seriously reducing our subscriptions and if my daughter and I can’t share a netflix account, it goes. We also don’t buy coffee outside the home anymore either. Not difficult to bring your own especially with the lovely insulated xo tainers availabke these days.
With everyday costs going up, with no end in sight, people are realising that some businesses have no *right* to our money if their *non essential service* becomes unafforable.
I understand where you're coming from and good work eliminating your unnecessary expenses, I really mean that. The problem is that soon the cost of your accommodation and fuel will start to take preference over your food bill. You'll be soon cutting back on food to keep a roof over your head, then you'll be bankrupted by that roof over your head. This will happen to most Australians in a couple if years, we're all being sunk
How much are you saving though? $17 per month? That's not going to make you rich. You are better to work an extra hour or more or ask for a payrise or get a better job. Think big and plan for a better future rather than cutting and cutting the small stuff.
Bubble economy is about to end
All the good things must come to an end
Good on you Albo you do soooo good 👍 ya muppet
Albo's support to grow the manufacturing industry at work and on display.
I don’t ever watch programming. No movies no TV and I’m so much happier.
Fighting and insulting China was not a good idea. China kept Australia out of the 2008 recession and Australia forgot.
If we don’t stop this big companies will take over and the place will be like robots
Go and support small local businesses!
Stop with Coles and Woolies and shop local grocers and independents
franchsie are small business
Get rid of labour, the big spending on them selfs private jets!!!! Yet doing nothing for the cost of living....
Get rid of labour!!!!
Not what’s causing it, WHO is causing it? Mmmmm
Thank big business
People need to wake up , or they will wake up in a dystopia with no way out!!!!!
Job loses, seniors hold onto your purse strings. Enough to tie us down theogh different times & difficult times too . Itbtwrrible to be old & penny less.
Sadly, business and stores gone bankrupt closed. From 🇺🇸
because of government not consumers ,,government the reason consumer prices go up
wtf 🤬
If you are happy with this situation, continue to vote for the ALP, Libs and Greens. If not, change your vote. Government must move back to a focus on the common voter. Not idealism or sponsor led, but the people that they have been put into power to protect and advance.
good news: plenty of nurses , paramedics , police to fill in...
casual and part time shouldn't be counted
fudging always makes something look better
its criminal
Albo the Biden of Australia
Some of these business owners are boat people.
Good !!! its my job to clean up after these useless little businesses $$$$$$ for me. Thanks Albo
Good news is no surplus money to lend 😊
been that already lost
Rich get richer the rest of us are fkd
Australia could also be hit by a meteorite tomorrow. So what’s your point?
The Liberals were very classy at changing routine tasks on an annual basis. This is an accounting nightmare. Their computer interfaces were quite complex and time wasting. Time spent off the tractor working out the latest atrocity does not earn money or allow time for a break.
bad news blame the government
Just making shit up now
Thanks Labor for importing 10s of thousands of unemployed ,to take our jobs or live off the taxpayer ,and Brad Banducci CEO of Woolworths who only employs immigrants in his Warehouses ,thanks SDA and Brad ,Thanks again Labor ,looking after the [foreign ] worker ,most of who are lazy ,stand around shaking hands ,talking about NRL all shift and taking every sick day
Fuck not my doctors my mum and i using credit cards and taking out loans so i can get on NDIS and stay on centrelink ❤
Why we are not in a recession?
I'm sure it's coming..😢
That’s the plan.
I mean we could just continue sending our money over to help wars we have no part of dictated to by people you want to subjugate the native population of western nations, I mean what could be the problem....