FSB applauds refreshing late payment announcement

Today Chancellor Philip Hammond delivered his Spring Statement.

Andrew McRae, FSB’s Scotland policy chair, said: “This week’s bitter Brexit acrimony made the Chancellor’s practical policy announcements today that much more refreshing.

“Late payment remains a national scandal and many in business in Scotland will be pleased to hear that – following FSB campaigning – the Chancellor plans to take action. Thousands of smaller firms north of the border go under every year as a consequence of this corrosive practise, therefore delivery cannot come soon enough.

“Smaller firms in the south of Scotland will warmly welcome support for the Borderlands scheme from governments in Edinburgh and London. This programme of potentially transformational projects must boost local firms and neighbourhood economies.”

On this week’s key Brexit votes Andrew McRae said: “Scottish business confidence has been bumping along the bottom for some time and recent events will have done nothing to reverse this trend. A last-minute no deal Brexit must be avoided, and a robust plan for the future must be in place by the end of this week.”