Episode Details
Back to EpisodesRegional Victoria Businesses Struggle Amidst Perfect Storm
Description
Small businesses in regional Victoria grapple with a perfect storm of challenges: interest rate hikes, soaring living costs, and sky-high petrol prices. The Reserve Banks rate increase, fuel shortages, and tourist traffic decline have led to job cuts, reduced hours, and financial strain. Federal Small Business Minister Anne Aly introduces relief measures, but businesses brace for leaner days unless tourism rebounds and rates ease.
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