News

A new poll of business owners and decision-makers in New Zealand’s small and medium-sized enterprises (SMEs) has revealed their sentiment around the performance of the coalition Government, a month out from the completion deadline of its latest three-month action plan.

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Anxiety and depression are on the rise amongst New Zealand’s SME owners, according to new mental wellbeing insights from MYOB’s 2024 Business Monitor. 

Confidence in the New Zealand economy has dropped amongst mid-market businesses, as rising costs pile on more pressure to pricing margins and profitability.   

By Emma Fawcett, MYOB General Manager - SME.

Leading up to the new coalition Government’s maiden Budget, expectations across New Zealand’s business community were mixed. While most small and medium-size enterprises (SMEs) weren’t confident that there would be much in it that would benefit their business, the slightly larger end of town - the mid-market - were more confident they might see some wins.

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New polling has revealed the top policies local business owners and decision-makers are hoping to see in the coalition Government’s maiden Budget, and tax relief, upskilling support, and reducing red tape are top of the list.