Since the LNPs record multibillion dollar hike to coal royalties in last years budget and a fall in coal prices, more than 7,000 jobs have gone from our state. Treasurer Tim Nicholls said earlier in 2013 that any concern about a slowdown in investment in the mining sector was largely unwarranted. He went further to claim that the export phase of the mining and LNG projects (initiated by the previous Labor Government) would balance out any slowdown in resources sector investment. Well its time for the Treasurer to come up with his own strategy for the Queensland economy instead of just saying shell be right mate or perhaps dont you worry about that is more fitting for this government. Yesterday the RBA said considerable uncertainty surrounds [the] outlook that growth in private activity outside the mining sector would offset falling mining investment. This follows the statement from Reserve Bank Governor Glenn Stevens in July that ...the story is not yet finished. We have to negotiate the downward phase of the investment boom over the next few years, which appears likely to pose significant challenges. Jobs growth recorded its worst result in more than two decades under the first year of the Newman Government, and the loss of another 200 jobs in the mining sector in Qld is simply unacceptable. Under Campbell Newman we have seen unemployed peak higher in Queensland than it ever reached during the GFC and still remains substantially higher than when he was elected at 5.9% -up from 5.5% at the election. Qlders deserve better than an arrogant government that doesnt think it needs a plan for jobs or a plan for the economy.
Posted on: Tue, 05 Nov 2013 22:23:14 +0000
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