The drop in business confidence is too dramatic to be ignored according to analysts. 

ANZ's latest Business Confidence survey shows confidence has fallen to its lowest level since the Global Financial Crisis.

Rising wages and new Government policies are weighing on profit expectations.

JMI Wealth director Andrew Kelleher told Mike Hosking that is likely to affect investment and recruitment decisions

"We have to acknowledge these numbers, we can't keep passing it off as some simply hazy reflection of political bias, they are real numbers."

LISTEN ABOVE AS ANDREW KELLEHER SPEAKS TO MIKE HOSKING