Small businesses in big trouble – the new warning for Australia’s’ economy | 7NEWS

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Small business bankruptcy is on the rise across Melbourne in the latest sign of an economic downturn. Record inflation and surging interest rates have business owners going to extremes to stay afloat. 7NEWS

 

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The main reason is the increasing rents caused by / and the increase in land tax this is what is crippling little business no one can afford that sort of increase. Next is the major increase in the price of domestic rental costs due to land tax

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