From hhg.com.au: Labor’s recent victory in the Western Australian state election has significant implications for small and medium-sized enterprises, including a $1.3 million small business growth grants program and commitments to reduce regulation and transaction fees.

While SMEs will benefit from these initiatives, they will also face increased energy costs due to the government’s transition to renewable energy sources.

Challenges such as high inflation, elevated interest rates, and increased payroll tax will continue to impact their operations amidst new social spending initiatives by the Labor government.