The Friday SMB wrap up

By Lorna Brett · 9 September 2011 · News

The Friday SMB wrap up

Friday's Business Bombshells: Unpacking the Week's Surprises

The NSW government's budget shook the business world, but that's not all. Find out what else happened this week in our Friday SMB wrap up.

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Summary

This week, the business world welcomed the NSW government's first budget, and was rocked by the news that Rick Damelian has been placed in administration with debts of $80 million. The RBA decided to hold interest rates at 4.75 percent and unemployment jumped unexpectedly. Miss anything? We've wrapped up the week's news for you.