Fuel Report AU

Victoria has become an economic disaster zone with a staggering 129,000 businesses shutting down in just one year, earning the state the shameful title of worst place to do business in Australia according to the Business Council of Australia. This isn't just numbers on a spreadsheet - we're talking about 350 businesses closing their doors every single day throughout 2024, representing the complete collapse of what was once Australia's economic powerhouse. The Institute of Public Affairs has labeled Victoria an "economic basket case" that has utterly failed to recover from the pandemic while other states have thrived. The data reveals a devastating pattern of business destruction that's unprecedented in modern Australian history, with Victoria recording 22,796 more business exits in 2023 compared to 2021 - more than any other state. While Queensland attracted tens of thousands of new residents and businesses, Victoria has been hemorrhaging economic activity for three consecutive …