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30 November 2018

Weekly Brief 48 - Friday 30 November 2019

FSB Wales wins new funding for business rates relief

Following calls from FSB Wales, the Welsh Government has committed to new funding for business rates relief. Ben Francis, FSB Wales Policy Chair, said: "We're thrilled that Welsh Government has listened to calls from FSB Wales and will use the £26 million on further business rates relief support for businesses across Wales."

Brexit Survey 

Some members will have received a survey in their inboxes this week about Brexit. If you have received it, then please do fill it out before Monday 3 December. By responding to one of our surveys, you give us the evidence we need to engage with politicians around the world on the subjects that matter to you.      

PM praises Small Business Saturday

John Lamont MP raised Small Business Saturday during PMQs, asking the Prime Minister to join him in congratulating FSB and all the small businesses that take part. The Prime Minister agreed that it is an excellent campaign and encouraged all MPs to champion their local small businesses.



FSB launched its latest report with the Enterprise Research Centre looking at the UK Shared Prosperity Fund. The report was launched one year on from the Government's Industrial Strategy, which aimed to rebalance economic growth across the UK. It found that future business support funding after Brexit should be used to address growth across the UK, targeting more deprived areas across the country.


Responding to the release of the assessment of the economic impact of Brexit, FSB National Chairman Mike Cherry, said that the figures "paint a stark picture of the impact a no deal Brexit will have on the economy and suggest what many have been warning about."


In a win for FSB, the Government announced a crackdown on the scourge of late payments. Procurement bosses will be expected to assess whether or not suppliers on contracts worth more than £5m per year have measures in place to ensure subcontractors are paid on time. Policy Chairman Martin McTague said the new rules would "send a clear message that paying late is not okay."


The sixth Small Business Saturday will be taking place this weekend, highlighting the contribution that smaller firms make to the UK economy. Small Business Saturday is a great way to underscore the range and diversity of the country's SMEs which make up 99.9% of all private firms in the UK. Small businesses have a combined annual turnover of £2 trillion and also employ 16.3 million people, emphasising the huge contribution that they make to our economy.

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