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18 November 2013

FSB Wales warmly welcomes full devolution of business rates

Reference number: PR181112

FSB Wales has today welcomed the announcement by Chief Secretary to the Treasury Danny Alexander that business rates will be fully devolved to Wales.

Federation of Small Businesses in Wales Head of External Affairs Iestyn Davies said: "We warmly welcome the full devolution of business rates to Wales, something that we have consistently and forcefully campaigned for on behalf of our members in recent years.

"The full devolution of powers over non-domestic rates to Cardiff Bay now opens the way for the reform of the current Welsh business rates regime, which is the most onerous for small businesses in any constituent nation of the UK.

"There is now no barrier to the Welsh Government reforming the business rates system to support small firms on high streets across Wales. Some work has already been done in this area and we would call for the rapid adoption of the recommendations of Professor Brian Morgan''s report into business rates, particularly his call for rates to be locally retained."

ENDS