Latest / Best of Business / Leeann Watson: Business Canterbury CEO on Labour's proposal to scrap the Investment Boost, back small businesses

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Leeann Watson: Business Canterbury CEO on Labour's proposal to scrap the Investment Boost, back small businesses · Best of Business

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  Speaker 2: Labour wants to scrape National's Investment Boost scheme and replace
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  Speaker 2: it with a one point five to six billion dollar package.
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  Speaker 2: It includes requiring big companies to pay small companies invoices
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  Speaker 2: within fifteen days, lifting the GST threshold to eighty k
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  Speaker 2: and increasing the instant asset right off to ten k.
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  Speaker 2: Leanne Watson is Business Canterbury CEO with me this Morningly
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  Speaker 2: and good morning.
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  Speaker 3: Good morning Ryan.
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  Speaker 2: So which is the better program? Which is the better policy?
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  Speaker 2: Do you think?
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  Speaker 3: Look? I think the first thing to acknowledge is that
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  Speaker 3: you know, given small businesses make up ninety seven percent
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  Speaker 3: of businesses across New Zealand, it's great to see the
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  Speaker 3: political parties outlining how they do intend to support those
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  Speaker 3: small businesses. So and look, these policies are a good
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  Speaker 3: starting point because we know some of the pain points
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  Speaker 3: continue to be around cash flowing compliance and of course
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  Speaker 3: that does have an edibility for those small businesses to
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  Speaker 3: invest in us. So these policies will certainly make it
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  Speaker 3: easier to sort of grow and innovate and drive productivity,
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  Speaker 3: which is a great starting point totally.
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  Speaker 2: I think it's great that there is a focus. But
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  Speaker 2: one's worth about six billion, one's worth one point five.
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  Speaker 2: So the benet the overall then benefit to business as
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  Speaker 2: a whole is way better off under National But is
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  Speaker 2: labors smarter because it's targeting those smaller businesses, there are
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  Speaker 2: more of them and it's simpler.
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  Speaker 3: Yeah, Look, I think you know that there's certainly some
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  Speaker 3: of the policies that have been outlined are good. One
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  Speaker 3: of the things that I do really want to reinforce
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  Speaker 3: investment booths has been highly effective. That's been an effective
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  Speaker 3: driver of business investment, productivity and growth, and removing it
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  Speaker 3: I think would significantly weaken the overall package. You know.
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  Speaker 3: But on that on the other side.
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  Speaker 2: You've got to be the thing is you can't have both,
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  Speaker 2: can you You know?
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  Speaker 3: Well you can absolutely, I mean you can have both.
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  Speaker 3: You know, there's definitely ways that we can have both.
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  Speaker 3: And I visit a manufacturer of the other day and
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  Speaker 3: they outlined three new pieces of equipment, all of which
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  Speaker 3: had been brought under the Invescent Boost scheme. So you know,
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  Speaker 3: this does provide confidence for businesses to actually do that
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  Speaker 3: and I think you can have both. I think it's
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  Speaker 3: an end conversation on the ore.
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  Speaker 2: All Right, Lee and Watson Business, Canterbury CEO.
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