What are the three most important sectors for business in the upcoming budget that require the most attention?
“Firstly, inflation and the labour market is one sector that requires a ton of attention. With rate hikes looming, petrol prices skyrocketing and many other commodities following suit, inflation and the cost of living is quickly becoming a hot topic that has to be addressed. It is especially concerning for potential first home buyers, as housing affordability falls further. Extra support for first home buyers would be welcome, so investors don’t dominate the market.
“Secondly, education, training, visas and talent is other sectors that can use more help. It is crucial that we’re able to raise the skill set and standard of our workforce to reduce our reliance on overseas talent. However, with that being said, as international borders start to open, there may be an easing in the labour market.
“Last but not least, an emphasis on health is still on our minds as a business. Despite being in the financial industry, the physical and mental health of our staff and customers are pillars that can’t be overlooked. Everyone has gone through a difficult few years, so we want to make sure they get the right support they need.”
Full article: Dynamic Business