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Business confidence up but concerns over plan for potential lockdown

Author
Newstalk ZB,
Publish Date
Tue, 19 Jan 2021, 7:44PM
(Photo / NZ Herald)
(Photo / NZ Herald)

Business confidence up but concerns over plan for potential lockdown

Author
Newstalk ZB,
Publish Date
Tue, 19 Jan 2021, 7:44PM

Businesses want to know how prepared the country is for another lockdown.

The latest NZIER business opinion survey shows an improvement in business confidence for the final quarter of last year - with just 16 per cent expecting a deterioration in economic conditions over the coming months. 

However, the Employers and Manufacturers Association says there are still concerns about what will happen if there is another lockdown, given the new strains of Covid-19 overseas. 

EMA chief executive Brett O'Reilly, has written to the government, asking how they might approach a future lockdown.

He told Heather du Plessis-Allan businesses need a clear idea about how they can operate.

"We'd want to talk about wage subsidy and just give businesses some certainty that if their workers cannot come to work, the subsidy would be out there, and just give businesses as much confidence as possible."

O'Reilly says businesses want to be in the best possible situation if we do reach the worst scenario. 

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