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Businesses are desperate for certainty and a solid economic plan to deal with the Covid-19 crisis, a new survey shows.
An electoral poll of 1,193 companies across sectors and regions conducted by Deloitte and Chapman Tripp revealed that 86 percent of respondents said that economic well-being should take precedence over cultural, environmental, or social well-being during the Covid-19 recovery. .
Although 71 percent of companies thought the government’s handling of the crisis was “excellent,” 65 percent said the government did not have a coordinated economic recovery plan.
Chapman Tripp CEO Nick Wells said the companies wanted an economic plan that would bolster long-term resilience.
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“With little sign of a short-term easing of the pandemic and an uncertain prospect for a vaccine, our collective focus must be on enabling long-term economic resilience, while protecting our borders and staying vigilant,” Wells said.
More than three-quarters of the respondents considered the wage subsidy and the leave plan to be the most useful government initiatives.
At least $ 13 billion in wage subsidies have been paid to companies that have suffered a loss of revenue as a result of the coronavirus crisis.
JASON DORDAY / Things
Businesses are seeking reassurance from the government as the Covid-19 pandemic continues to threaten recovery plans.
A third wage subsidy, the Resurgence Wage Subsidy, was announced last month after the Covid-19 outbreak in Auckland and made available to companies that had, or were expected to have, a 40 percent reduction in revenue. between August 12 and September 10. , compared to the same time last year.
The survey showed that about 60 percent of companies said they are uncomfortable with national debt reaching 53 percent of GDP by 2023.
Easing the regulatory burden on infrastructure was also a concern that companies hoped would be addressed by the government’s economic plan.
Most of those surveyed said that infrastructure development was the best plan for economic recovery.
About 80 percent of companies called for a revision of the Resource Management Act (RMA), highlighted by the recent accelerated changes introduced by the government in June.
Created in 1991, the RMA enables communities to make decisions about how their own environment is managed through regional and district resource management plans.
And 73 percent of those surveyed were in favor of reintroducing 90-day work trials to help companies with their post-Covid planning.
