Latest News Headlines
Commercial Credit News
|FSB: Sensible Scottish rates moves must be combined with wider reforms|
|Wednesday, 22 February 2017|
Scottish Government Cabinet Secretary for Finance Derek Mackay has revealed new measures to cushion the impact of this year’s business rate revaluation – with specific help for the hospitality industry and the north east of Scotland.
Colin Borland, FSB’s head of devolved nations, said: “In recent weeks, FSB has emphasised to Ministers that the Small Business Bonus scheme continues to provide critical help for tens of thousands of smaller firms.
“However we’ve also strongly argued for extra revaluation support for independent businesses beyond its scope, alongside parliamentary scrutiny of the valuation process.
“The sensible measures announced today should provide some comfort for Scotland’s vital tourism and hospitality industries. Targeted help for the economy of the north east will also be welcomed by local firms.”
On next steps: “The furore associated with this year’s revaluation shows why the system is long overdue for reform. And, it’s important to note that much of the help outlined today is only funded for one year.
“Therefore, a programme of modernisation must be delivered soon after the Barclay review reports. In addition, Scottish councils should considering supplementing these measures, with a particular focus on smaller businesses on local high streets and nurseries.”
Forums International Ltd
Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.
Find out more here.
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Registered in England No: 05483197