Manonthestreet
Diamond Member
- May 20, 2014
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“What we’re hearing is terrible. We’re seeing closures have already started, I fully expect there will be more closures and staff put off. When you’re running a small supermarket, where do you find an extra $70,000?”
The price hikes hitting businesses of up 120 per cent — dwarfing the 20 per cent increases faced by households — have been partly blamed on the closure of cheap coal-fired power stations, including Hazelwood in Victoria and Playford in South Australia. ‘This is the biggest business crisis I’ve seen in my lifetime’
What happens as this snowballs? Business closes shop which means more of cost has to fall on the public who certainly wont be able to afford these kind of increase especially those who have lost their jobs because their companies shuttered.
The price hikes hitting businesses of up 120 per cent — dwarfing the 20 per cent increases faced by households — have been partly blamed on the closure of cheap coal-fired power stations, including Hazelwood in Victoria and Playford in South Australia. ‘This is the biggest business crisis I’ve seen in my lifetime’
What happens as this snowballs? Business closes shop which means more of cost has to fall on the public who certainly wont be able to afford these kind of increase especially those who have lost their jobs because their companies shuttered.