Dairy’s troubles hitting SMEs across NZ

With a fifth of small businesses hit by the fall in the dairy price it’s time the Government stopped being so complacent about the effects on the economy, says Labour’s Small Business spokesperson Jacinda Ardern.

“MYOB’s latest Business Monitor shows 21 per cent of SMEs are feeling the effects of the fall in dairy prices. In rural areas this is 34 per cent but even Auckland and Christchurch are feeling the effects.

“National is taking small businesses for granted. Ministers brushed off concerns about Fonterra extending its payment terms by two months and didn’t even blush when Labour revealed MBIE is paying a quarter of its invoices late.

“It’s a tough time for many small businesses. What they need is a Government that is going to show leadership and be a partner to them, rather than, as usual, being far too complacent,” says Jacinda Ardern.

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