Latest / Early Edition with Ryan Bridge / Leeann Watson: Business Canterbury CEO on Labour's proposal to scrap the Investment Boost, back small businesses

Transcript

Leeann Watson: Business Canterbury CEO on Labour's proposal to scrap the Investment Boost, back small businesses · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Now Labour wants to scrap National's Investment Boost scheme and
• 0:03
  Speaker 1: replace it with a one point five six billion dollar package.
• 0:07
  Speaker 1: It includes requiring big companies to pay small companies invoices
• 0:10
  Speaker 1: within fifteen days, lifting the GST threshold to eighty k,
• 0:14
  Speaker 1: and increasing the instant asset right off to ten k.
• 0:17
  Speaker 1: LeeAnne Watson is Business Canterbury CEO with me this morning,
• 0:20
  Speaker 1: Lee and good morning, Good morning Ryan. So which is
• 0:23
  Speaker 1: the better program? Which is the better policy? Do you think?
• 0:27
  Speaker 2: Look, I think the first thing to acknowledge is that
• 0:29
  Speaker 2: you know, given small businesses make up ninety seven percent
• 0:32
  Speaker 2: of businesses across New Zealand, it's great to see the
• 0:35
  Speaker 2: political parties outlining how they do intend to support those
• 0:39
  Speaker 2: small businesses. So and look, these policies are a good
• 0:42
  Speaker 2: starting point because we know some of the pain points
• 0:44
  Speaker 2: continue to be around cash flowing compliance and of course
• 0:47
  Speaker 2: that does have an aed ability for those small businesses
• 0:50
  Speaker 2: to invest in new sets. So these policies will certainly
• 0:53
  Speaker 2: make it easier to sort of grow and innovate and
• 0:55
  Speaker 2: drive productivity, which is a great starting point.
• 0:57
  Speaker 1: Totally. I think it's great that there is a focus,
• 0:59
  Speaker 1: but worth about six billion ones worth one point five.
• 1:02
  Speaker 1: So the benet, the overall the benefit to business as
• 1:06
  Speaker 1: a whole is way better off under National But is
• 1:10
  Speaker 1: labors smarter because it's targeting those smaller businesses there are
• 1:13
  Speaker 1: more of them and it's simpler.
• 1:15
  Speaker 2: Yeah. Look, I think you know that there's certainly some
• 1:19
  Speaker 2: of the policies that have been outlined are good. One
• 1:23
  Speaker 2: of the things that I do really want to reinforce
• 1:26
  Speaker 2: investment booths has been highly effective. That's been an effective
• 1:29
  Speaker 2: driver of business investment, productivity and growth, and removing it
• 1:33
  Speaker 2: I think would significantly weaken the overall package. You know.
• 1:37
  Speaker 2: But on that on the other side, you've.
• 1:39
  Speaker 1: Got to be the thing is you can't have both,
• 1:41
  Speaker 1: can you You know?
• 1:43
  Speaker 2: Well you can absolutely. I mean you can have both.
• 1:46
  Speaker 2: You know, there's definitely ways that we can have both,
• 1:49
  Speaker 2: and that I visit a manufacturer the other day and
• 1:53
  Speaker 2: they outlined three new pieces of equipment, all of which
• 1:55
  Speaker 2: had been brought under the investment booth scheme. So you know,
• 1:58
  Speaker 2: this does provide confident for businesses to actually do that.
• 2:01
  Speaker 2: And I think you can have both. I think it's
• 2:03
  Speaker 2: an end conversation on north all right.
• 2:05
  Speaker 1: Lee and Watson Business, Canterbury CEO
• 2:07
  Speaker 2: For more from Early Edition with Ryan Bridge, listen live
• 2:10
  Speaker 2: to News Talks at B from five am weekdays, or
• 2:13
  Speaker 2: follow the podcast on iHeartRadio