Is this a recession?
Yesterday was tax day, GST and provisional tax being due. We have a number of clients, on top of those who already have (over 20 in total) call to say they do not have funds to pay their tax. Main reason, sales have fallen off a cliff, some reporting a 50% decline 1/
— I was Jacinda, not a celebrity. i quit. (@nzchiefstrategy) May 8, 2023
GST payments significantly down on Jan and this time last year. Of more concern are the number of clients who have or are in the process of downsizing staff, just to survive. Sadly for a couple it is too late, and we will see businesses cease. Most cite cost pressures. 3/3
— I was Jacinda, not a celebrity. i quit. (@nzchiefstrategy) May 8, 2023
GST payments significantly down on Jan and this time last year. Of more concern are the number of clients who have or are in the process of downsizing staff, just to survive. Sadly for a couple it is too late, and we will see businesses cease. Most cite cost pressures. 3/3
— I was Jacinda, not a celebrity. i quit. (@nzchiefstrategy) May 8, 2023
Breaking news on all major international news sites. #resignardern #resignjacinda #notfittogovern pic.twitter.com/1fmO9NrmOb
— I was Jacinda, not a celebrity. i quit. (@nzchiefstrategy) August 2, 2022
