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The Guardian - AU
The Guardian - AU
National
Tamsin Rose

‘Treading water’: no sign household savings are flowing to small businesses

The NSW treasurer Matt Kean tries some food whilst meeting with business owners at The Cannery in Sydney
The NSW treasurer, Matt Kean, has been sparring with his federal counterpart Josh Frydenburg over financial support for small businesses. Photograph: Bianca de Marchi/AAP

Small businesses have rejected claims by the federal treasurer, Josh Frydenberg, that a “war chest” of private savings means they no longer need financial support, as the NSW treasurer, Matt Kean, increased pressure on the commonwealth for more funding.

On Monday Kean ratcheted up attacks on his federal counterpart for not matching the NSW government’s latest $1bn support package, accusing them of leaving small business behind.

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