Mark Speakman
Leader of the Opposition
Tim James
Shadow Minister for Small Business
According to the Australian Securities and Investments Commission (ASIC), New South Wales is leading the nation in the worst possible way—513 businesses went under last month, the highest number of insolvencies recorded in any state.
Under the Minns Labor Government, our state’s small businesses are suffocating under rising costs and a government with no ideas.
Websites, website analytics, concierges and media releases are no substitute for economic leadership. NSW businesses are drowning, and the Minns Labor Government offers them nothing but more taskforces, inquiries, and roundtables.
Leader of the Opposition Mark Speakman said small businesses are the backbone of our economy, but the Minns Labor Government has turned its back on them.
“Instead of tackling soaring costs, labour shortages and red tape, they offer band-aids and empty promises. This government is all about appearances, but appearances don’t pay the bills,” Mr Speakman said.
“The Minns Labor Government celebrates digital tools and concierges while ignoring the fundamental challenges businesses face.”
Shadow Minister for Small Business Tim James said this is a government with no ideas, no outcomes, and no leadership.
“While 513 NSW businesses close their doors in just one month, the Minns Labor Government focuses on spin instead of solutions. Their obsession with bureaucracy and glossy announcements is failing NSW families and small businesses,” Mr James said.
In 20 months, the Minns Labor Government has shown it is incapable of delivering the leadership NSW needs. This is not the economic prosperity people were promised. NSW is not better off now than it was before March 2023—it’s worse.
This is not just about economics; it’s about saving livelihoods.
