Business fed up with Labor

The Labor government's burst of policy announcements and reforms has only worsened Prime Minister Julia Gillard's relationship with the business community, with business leaders accusing Labor of imposing heavy-handed restrictions on business without consultations, according to The Australian Financial Review.

In the past two weeks, Labor has introduced new regulations on media, coal seam gas and industrial relations while also threatening a crackdown on temporary foreign workers.

Business Council of Australia (BCA) president Tony Shepherd warned that Labor is not following the proper process because it has not adequately studied the economic impact of the reforms.

“The proposals we have seen in recent weeks, and the manner of their introduction, are unfitting of a dynamic modern economy equipped to attract investment and compete and thrive in an increasingly challenging world,” he wrote in the AFR.

Meanwhile, Westpac Banking Corp Ltd, Transurban Ltd chairman and BHP Billiton Ltd director Lindsay Maxsted has accused Labor of lacking business acumen.

“It is not a government which is user-friendly for business or a government that goes out of its way to understand business,” he said to a business forum according to the The Australian.

“It doesn't work on a basis of understanding that to drive the economy and to do some of the 'pet projects' which are very good pet projects, [like] the disability scheme, you actually need to work with business to get the right policy settings.”