Start the Change

The Victorian Government’s State Budget announcement to cut payroll tax highlights the Keneally Labor Government’s failure to do enough to keep NSW competitive, NSW Opposition Leader Barry O’Farrell and Shadow Treasurer Mike Baird said today.

The Victorian payroll tax rate will be 4.9% from July 1. In NSW the rate will be 5.5% on 1 January 2011.

“After 15 years of incompetent Labor Government in NSW, our state has lost its competitive edge,” Mr O’Farrell said.

The continued under performance of the NSW economy is clear evidence NSW needs to create jobs as a means of turning around the state’s economy, Shadow Treasurer Mike Baird said today, following the release of the CommSec State of the States economic rankings, which placed NSW last.

"Today's CommSec report shows that under Labor NSW has gone from being the premier state, to the cellar dweller,” Mr Baird said.

The NSW Treasurer Eric Roozendaal is so out of touch he is celebrating a small increase in job ads while NSW has the worst unemployment rate in the country, Shadow Treasurer Mike Baird said today.

“Only Eric Roozendaal would issue a media release saying NSW is leading the economic recovery when we have the worst unemployment rate in the nation,” Mr Baird said.

News Boeing is to close its aerospace engineering plant in Sydney’s West is another blow to the NSW economy, which is already struggling with the nation’s highest unemployment rate, NSW Opposition Leader and Shadow Minister for Western Sydney Barry O’Farrell and Shadow Treasurer Mike Baird said today.

Boeing has announced today 350 jobs will be lost when it closes its Milperra plant near Bankstown Aerodrome. 300 of those jobs will go to Melbourne, while at least 50 people will be made redundant.