FSB Comments on Scottish Budget Statement

Press Releases 6 Feb 2020

Scottish Government Budget 2020-21

Commenting on today’s Scottish Government Budget Statement, the Federation of Small Businesses’ (FSB) Scotland Policy Chair, Andrew McRae, said:

“At what has been an uncertain and tumultuous time for business, a no-surprises budget is perhaps what was needed.

“After this week’s parliamentary drama around Business Rates, there are some sensible moves on reliefs.  It’s great news that the lifeline Small Business Bonus Scheme is safe, as are tax breaks for those who invest in their premises.  Given the particular pressures facing the sector, it’s also good that relief for day nurseries has been confirmed for another year.

“We also welcome the intent to achieve a degree of tax stability and the prediction that income tax divergence with the rest of the UK is not predicted to increase, notwithstanding what happens in the UK Budget next month.”

ENDS

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Colin Borland

Colin Borland

Director of Devolved Nations

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