Report confirms Labor’s five years of failure

Tuesday 28 January 2020

Increasing taxes, debt and waste from the Palaszczuk Labor Government is holding Queensland’s economy back, according to the latest CommSec State of the States report.  

Queensland has been ranked a lowly 5th on the statewide ladder, behind Victoria, Tasmania, New South Wales and the ACT.

LNP Deputy Leader Tim Mander said the report was further proof of five years of economic failure under the Palaszczuk Labor Government.

“Queensland used to be an economic powerhouse, but we have been held back for five years by new taxes, cuts to infrastructure and anti-jobs policies.

“Confidence in our economy is lower than it’s been since the GFC and we have the second highest unemployment rate in the nation.”

According to the January 2020 CommSec report:

  • Queensland’s unemployment rate is now 2.2% higher than the state’s 10-year average
  • Construction work has fallen 24.2% below the decade average
  • Home building has fallen by 18.2% below the decade average  

“Labor has no plan to back business and create jobs, but the LNP does,” Mr Mander said.

“A Deb Frecklington LNP Government will manage the economy for everyday Queenslanders.

“The LNP will create jobs by building the New Bradfield Scheme, new roads and dams, delivering cheaper electricity, cutting red-tape and guaranteeing no new taxes.

“Queensland’s economy has so much potential, but only the LNP will unlock it and create the tens of thousands of new jobs that we need.”

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