Small business owners in Prime Minister Anthony Albanese’s electorate are struggling to survive amid rising taxes, soaring cost-of-living pressures, and increasing operational costs, with several long-standing local businesses forced to close their doors.
In an exclusive interview, Jim Cotinis, owner of Lamia Super Deli in Marrickville, along with his father Harry, revealed they will soon shut down the family business that has served the community for decades. The decision comes as the supermarket battles unsustainable cost increases in food, electricity, insurance, and rent.
“We’re Being Squeezed in Every Direction”
Mr Cotinis expressed deep frustration with the Albanese government’s policies. “I look at it and think, if I spend another five years here, then I don’t go on holidays and then when I do decide to sell it, the government takes more of my profit,” he said.
The family-run Greek supermarket, a fixture in the area since 1972, is the latest casualty in what local business owners describe as a perfect storm of financial pressures. Many report that government incentives have failed to materialise, while energy bills and insurance premiums continue to climb.
Broader Impact on Local Economy
Other businesses in the electorate are also feeling the pinch. Nearby café and hospitality operators say they are battling staff shortages, reduced foot traffic, and rising costs, with some considering relocation or permanent closure.
A spokeswoman for Mr Albanese acknowledged the challenges facing small businesses but emphasised the government’s efforts to support them through various measures. However, local owners remain unconvinced, arguing that the cost-of-living crisis is hitting their customers hard and reducing spending.
As more family businesses wave the white flag, concerns are growing that the heart of Albanese’s electorate is losing its vibrant small business community.
Source: The Telegraph