‘Huge majorities’ of consumers and business are worried about tomorrow’s Federal Budget

Huge majorities of Australian consumers (88%) and businesses (77%) are worried about the Federal Budget, due to be released tomorrow, as Treasurer Joe Hockey’s rhetoric cuts through, according to Roy Morgan Research.

A special combined Roy Morgan Nightly Business Pulse and Roy Morgan Nightly Consumer Pulse survey conducted Thursday night (8 May 2014) shows large majorities of both Australian consumers (88%) and businesses (77%) overwhelmingly feel tomorrow’s Federal Budget will not benefit them.

Despite it being a Liberal Government, 72% of Liberal supporters believe next week’s Federal Budget will not benefit them or their families, compared to just 28% that say next week’s Federal Budget will benefit them.

ALP supporters were even more worried. 97% believe Tuesday’s Federal Budget will not benefit them and their families and only 3% believe it will. Greens supporters are as negative as ALP supporters. 97% say the Federal Budget will not benefit them and their families and only 3% believe it will. Similarly, 92% of supporters of ‘other’ parties say next week’s Federal Budget will not benefit them and their families and only 8% believe it will.

Micro businesses (under five employees) are the most negative on the Federal Budget with 80% saying it will not benefit their businesses and only 20% saying it will.

In contrast, large businesses (200 employees or more) are the most positive about the Federal Budget, but still a large majority (67%) say the Federal Budget will not benefit their businesses, compared to only 33% that say it will.

 

Peter Roper
BY Peter Roper ON 12 May 2014
Editor of Marketing Magazine and Marketingmag.com.au