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Huge majorities of Australian Consumers (88%) and Businesses (74%) not happy with Joe Hockey’s first Federal Budget

Finding No. 5581 – This special combined Roy Morgan Nightly Business Pulse and Roy Morgan Nightly Consumer Pulse was conducted on May 14, 2014. This SMS poll was conducted with 984 Australian businesspeople and 1,550 Australian electors.

A special combined Roy Morgan Business Pulse and Roy Morgan Consumer Pulse survey conducted today (May 14, 2014) shows large majorities of both Australian consumers (88%) and businesses (74%) overwhelmingly feel last night’s Federal Budget will not benefit them – this is little changed from pre-Budget expectations measured by Roy Morgan last Friday.

ROY MORGAN CONSUMER PULSE

  • Despite it being a Liberal Government, 76% (up 4% since pre-Budget) of Liberal supporters say last night’s Federal Budget will not benefit them or their families compared to just 24% (down 4%) that say the Federal Budget will benefit them.
  • ALP supporters are even more worried – 96% (down 1%) believe the Federal Budget will not benefit them and their families and only 4% (up 1%) believe it will.
  • Greens supporters are as negative as ALP supporters – 96% (down 1%) say the Federal Budget will not benefit them and their families and only 4% (up 1%) say it will.
  • Similarly, 94% (up 2%) of supporters of Other parties say the Federal Budget will not benefit them and their families and only 6% (down 2%) believe it will.

ROY MORGAN BUSINESS PULSE

  • Although businesses are overwhelmingly negative on the Federal Budget with 74% (down 3%) saying the Federal Budget will not benefit their business compared to 26% (up 3%) that say it will – slightly less negative than businesses were pre-Budget.
  • Micro businesses (under 5 employees) are still the most negative on the Federal Budget with 78% (down 2%) saying it will not benefit their businesses and only 22% (up 2%) saying it will.
  • In contrast, Large businesses (200 employees+) who were the most positive about the Budget last week, are the only type of businesses that are now less positive about the Federal Budget with 72% (up 4%) saying last night’s Budget will not benefit their businesses compared to only 28% (down 4%) that say it will.

2014 FEDERAL BUDGET v 2013 FEDERAL BUDGET

  • Treasurer Joe Hockey’s first Federal Budget has been seen slightly more negatively than former Treasurer Wayne Swan’s sixth, and final, Federal Budget delivered a year ago.
  • Last year’s Roy Morgan Consumer Pulse showed 84% (compared to 88% this year) of Australians didn’t expect Swan’s final Federal Budget to benefit them before last year’s Budget and 86% (compared to 88% this year) said after last year’s Budget that it didn’t benefit them.

Gary Morgan, Executive Chairman Roy Morgan Research, says:

“Australian consumers (88%) and businesses (74%) overwhelmingly believe Treasurer Joe Hockey’s Federal Budget last night will not benefit them according to today’s special Roy Morgan Business and Consumer Pulse. The results are little changed from a pre-Budget Business & Consumer Pulse conducted last week which found 88% of consumers and 77% of businesses expected the Federal Budget wouldn’t benefit them.

“The results are unsurprising given new taxes are always unpopular – a ‘deficit levy’ on Australians earning over $180,000, a twice yearly increase in the fuel excise being brought back after being ditched by Prime Minister John Howard in 2001 and a $7 surcharge for each visit to a doctor  being amongst the most prominent measures.

“These ‘negatives’ are somewhat offset by a commitment to increased spending on infrastructure – an extra $11.6 billion over the next six years bringing expected infrastructure spending for that time period to approximately $50 billion. In addition a medical research fund – which will be underwritten by the $7 medical surcharge, will provide extensive opportunities for medical research and innovation and is expected to reach $20 billion of funding over the next six years.

“However, apart from making people work for the dole, the Abbott Government has given little indication of how people who are currently unemployed or under-employed (2.4 million Australians according to the Roy Morgan April employment estimates) are going to find employment. Disappointingly, last night’s Federal Budget indicates the Government seems to have little interest in freeing the labour market and allowing people that want to work to do that work.

“Hockey’s first Federal Budget has been received slightly more negatively than former Treasurer Wayne Swan’s last Federal Budget delivered a year ago when 86% of Australians felt Swan’s final Federal Budget didn’t benefit them compared to 88% this year. These figures do clearly indicate the tough task that both sides of Federal politics have in convincing the public of their preferred reform agenda.”

Finding No. 5581 – This special combined Roy Morgan Nightly Business Pulse and Roy Morgan Nightly Consumer Pulse was conducted on May 14, 2014. This SMS poll was conducted with 984 Australian businesspeople and 1,550 Australian electors.


About the Roy Morgan Business Pulse

Roy Morgan Nightly Business Pulse is available as an omnibus of up to 1,000 Business Panel Members via SMS all over Australia – if you need to take the ‘business pulse’ on any issue, be it of national interest or relevant only to your company, the Business Pulse will give you the answers the next day.

Questions received by 11am fielded same night, results delivered by noon day following. Prices start at $5,000 + GST. Enquiries (melbourne@roymorgan.com) or call 03 9629 6888

About the Roy Morgan Consumer Pulse

Roy Morgan Nightly Consumer Pulse is available as an omnibus up to 1,000 consumers aged 14+ via SMS all over  Australia – if you need to take the ‘pulse’ on any issue, be it of national interest or relevant only to your company, the Consumer Pulse will give you the answers the next day. 

Questions received by 11am fielded same night, results delivered by noon day following. Prices start at $1,500 + GST. Enquiries (melbourne@roymorgan.com) or call 03 9629 6888.

 

For further information:

Contact

Office

Mobile

Gary Morgan:     

+61 3 9224 5213  

+61 411 129 094

Michele Levine:     

+61 3 9224 5215  

+61 411 129 093


Margin of Error

The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. The following table gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. The figures are approximate and for general guidance only, and assume a simple random sample. Allowance for design effects (such as stratification and weighting) should be made as appropriate.

Sample Size

Percentage Estimate

40%-60%

25% or 75%

10% or 90%

5% or 95%

1,000

±3.2

±2.7

±1.9

±1.4

1,500

±2.6

±2.2

±1.5

±1.1

2,000

±2.2

±1.9

±1.3

±1.0


AUSTRALIAN BUSINESSES

Questions:

Asked Pre-Budget: “Do you think the 2014 Federal Budget will benefit your business?”

Total

Micro
Business

Small
Business

Medium
Business

Large
Business

Can't
say

%

%

%

%

%

%

Yes

23

20

24

21

32

33

No

77

80

76

79

68

67

Total

100

100

100

100

100

100

Size of Business: Micro business (Under 5 people); Small business (5-19 people); Medium business (20-199 people);
Large business (200+ people). Asked May 8-9, 2014.

Asked Post Budget: “Did yesterday’s Federal Budget benefit your business?”

Total

Micro
Business

Small
Business

Medium
Business

Large
Business

Can't
say

%

%

%

%

%

%

Yes

26

22

30

29

28

30

No

74

78

70

71

72

70

Total

100

100

100

100

100

100

Size of Business: Micro business (Under 5 people); Small business (5-19 people); Medium business (20-199 people);
Large business (200+ people). Asked May 14, 2014.


AUSTRALIAN CONSUMERS

Pre-Budget: “Do you think the 2014 Federal Budget will benefit you and your family?”

Voting Intention

 

ALP

Liberal

National

Greens

Other

Can’t say

Total

 

%

%

%

%

%

%

%

Yes

3

28

16

3

8

11

12

No

97

72

84

97

92

89

88

Total

100

100

100

100

100

100

100


Age & Gender

Gender

Age

Men

Women

18-24

25-34

35-49

50-64

65+

 

%

%

%

%

%

%

%

Yes

16

10

10

12

10

13

18

No

84

90

90

88

90

87

82

Total

100

100

100

100

100

100

100

Asked May 8-9, 2014.


Asked Post Budget: “Did yesterday’s Federal Budget benefit you and your family?”


Voting Intention

 

ALP

Liberal

National

Greens

Other

Can’t say

Total

 

%

%

%

%

%

%

%

Yes

4

24

29

4

6

15

12

No

96

76

71

96

94

85

88

Total

100

100

100

100

100

100

100

Age & Gender

Gender

Age

Men

Women

18-24

25-34

35-49

50-64

65+

 

%

%

%

%

%

%

%

Yes

13

11

8

11

11

11

17

No

87

89

92

89

89

89

83

Total

100

100

100

100

100

100

100

Asked May 14, 2014.

Homepage image credit: Flickr/International Monetary Fund.