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FSB Comments on Business Rates Announcement PDF Print E-mail
Monday, 19 October 2015
Commenting on reports that Deputy First Minister, John Swinney, is set to announce new powers for local authorities to lower business rates, Colin Borland, the Federation of Small Businesses’ (FSB) Head of External Affairs in Scotland, said:

“It’s good news that cutting the cost of doing business is at the heart of the Deputy First Minister’s message. If used appropriately, these powers could give local economies a welcome boost and it will be interesting to see how many hard-pressed councils will be able to take advantage of them.

“We also need to be careful that we don’t boost areas which, by accidents of geography, have lots of high-value business premises and are already doing well, at the expense of areas that are struggling.

“But today’s announcement doesn’t get rid of the need to modernise a business rates system that’s no longer reflective of how we trade in 2015 Scotland. We need to review and reform the system, making it fairer and more transparent.”

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