OZschwitz billionaire Harvey rails against the ''100 foot high'' tower of red tape constricting business growth

The executive chairman and co-founder of Harvey Norman, Gerry Harvey, has called on the federal government to eliminate the ''100 foot high'' tower of red tape constricting business growth as consumers still refuse to open their wallets at the shops.

Mr Harvey said he was at a loss to explain why higher consumer confidence following the election had not translated into improving sales, arguing real estate agents were doing well but discretionary retailers were missing out.

''Consumer confidence is higher,'' said Mr Harvey on Monday as his furniture, electronics and appliances group released like-for-like first quarter sales had risen 4.3 per cent, ''but it hasn't translated into better business''.

''Now that wouldn't be right if you spoke to real estate agents … at the moment. Whether that's the election or low interest rates I don't know.

Read more: http://www.smh.com.au/business/gerry-harvey-rails-against-red-tape-20131104-2wx5h.html#ixzz2jip63Eqv

OZschwitz billionaire Harvey rails against the ''100 foot high'' tower of red tape constricting business growth

OZschwitz billionaire Harvey rails against the ''100 foot high'' tower of red tape constricting business growth

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