This week’s interest rate hike by the RBA has put pressure on both political parties to explain how they will ease rising costs for individuals and businesses.
On Thursday, 5 May, a number of media reports outlined how the Prime Minister will announce a new small business pledge, while Anthony Albanese will make his own pitch to industry leaders.
Mr Morrison said the Coalition would look to create 400,000 new small businesses during the next five years, should the government be re-elected.
The government also announced it would spend $17.9 million on the Business Energy Advice Program to help small businesses be more efficient, in an attempt to cut back on power bills.
Meanwhile, Anthony Albanese said the ALP’s will reduce emissions by 43% by 2030, create 604,000 new jobs, and reduce power prices by $275.