The latest CommSec State of the States Report demonstrates yet again that South Australia is continuing to fall behind other states under the Weatherill Labor Government.
The October 2014 Report revealed that:
• South Australia is again ranked the weakest state economy on the mainland;
• South Australia is generally ranked sixth to eighth on the key indicators; and,
• South Australia still has the weakest result on retail spending in the nation.
“As South Australia continues to experience a dangerous jobs crisis, we are in grave danger of slipping even further behind the rest of the country,” said Shadow Treasurer Rob Lucas.
“Under the Weatherill Labor Government, South Australia has the highest taxes in the nation, high debt and deficit, low consumer and business confidence and the worst performing workers’ compensation scheme.
“The Weatherill Labor Government needs to reduce the costs of doing business in South Australia, cut red tape and place a greater focus on exports to increase job opportunities.
“South Australia’s army of unemployed can’t afford a continuation of State Government policies that drive investment, business and jobs interstate and overseas.
“The Weatherill Labor Government has to become business friendly if we are going to make substantial inroads on South Australia’s 6.3 per cent trend unemployment rate.”