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|FSB in Scotland on UK Budget and unemployment figures|
|Wednesday, 16 March 2016|
Today Chancellor George Osborne delivered his Budget. Andy Willox, the FSB’s Scottish policy convenor, said: “FSB has campaigned for decades for a tax system which delivers for the small business community. Many of the measures outlined by the Chancellor should see smaller firms compete on a more level playing field with their multinational counterparts.”
On changes to business rate reliefs in England, Andy Willox, said: “The Chancellor has given a huge leg up to smaller firms south of the border.
“In the past, Scottish small firms have had a competitive advantage in this area. At the next revaluation and before the Chancellor’s measures come into force in 2017, we would encourage the next Scottish Government to review the thresholds of their landmark Small Business Bonus scheme.”
On a fuel duty freeze, Andy said: “The low price of fuel has given our members a real boost and we’re pleased that the Chancellor recognises that every penny spent at the pump is money not spent elsewhere.”
On a sugar levy, Andy said: “The new sugar tax looks to be aimed at manufacturers and is set to exempt the smallest producers. That’s encouraging though it must not tie retailers up in knots with yet more admin.”
On oil and gas tax cuts, Andy Willox, said: “The success of thousands of Scottish firms is directly and indirectly related to prospects for the oil and gas industry. Getting this industry moving has to be a national priority.”
On the £1,000 tax threshold for the sharing economy, Andy said: “This is an interesting move – the tax system needs to start to reflect our 21st century economy.”
New figures released today also show that unemployment in Scotland has increased by 16,000 between November and January. Andy said: “Rising Scottish unemployment is bad news for families, communities and local economies. We need Scotland’s political parties to lay out their plans to get local economies working ahead of the May Holyrood elections.”
FSB’s UK National Conference opens tomorrow at Glasgow’s SECC. Andy said: “Today’s announcements will surely spark debate amongst small business owners and political leaders at our annual conference in Glasgow this week.”
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