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‘Lockdown extension a crushing blow for business’

Reporter
07 July 2021 1 minute readShare

The extension of the Greater Sydney lockdown by a further week is a crushing blow for business owners and their employees, according to the state’s peak business organisation, Business NSW.

The Premier has formally announced the lockdown will be extended until midnight on 16 July.

Noting that while the NSW government “has always balanced the health and economic outcomes of this pandemic”, chief executive Daniel Hunter opined that the latest lockdown will be a huge blow for business, big and small, right across the NSW economy.

“Business NSW has been working with our members since the start of the lockdown, and initial analysis of survey data shows that 48 per cent of those surveyed believe the revenue impact of this current two-week lockdown is already somewhat equivalent to the revenue impact of two months after the first major lockdown last year,” Mr Hunter said.

This time around, however, there’s no JobKeeper to help cushion the fall, Mr Hunter added.

Concerningly, Business NSW data recently revealed that around one in five businesses only have enough cash flow to get them through the next month of operations, with an extended lockdown expected to see businesses close down, and unlikely to reopen.

“That will have a huge impact on our society — not only in the loss of jobs but the mental health of those business owners and their employees who’ve dedicated their lives to their business,” Mr Hunter warned. 

“Balancing the health and economic pressures of this pandemic is a very difficult assignment for the government, and business understands the importance of community safety above all else.”

Acknowledging the extra pressure placed on business owners, Mr Hunter urged the community to do the right thing. 

He said: “There is going to be extra pressure placed on business owners next week, with employees needing to supervise children who are learning from home, so at a time when they are doing it tough, they’ll have to be even more accommodating, which adds even more pressure.

“It’s more important than ever that, as a community, we do the right thing when it comes to obeying the rules, always check in and out with QR codes, and get vaccinated when possible.”

‘Lockdown extension a crushing blow for business’
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