FSB in Scotland on Spring Statement

Press Releases 23 Mar 2022

Chancellor Rishi Sunak has delivered his spring statement to the House of Commons. The Federation of Small Businesses (FSB) in Scotland gave many of the measures a muted welcome but warned more may need to be done to help local firms absorb rising energy costs.

Andrew McRae, the FSB’s policy chair, said: “The Chancellor’s measures today will buy Scotland’s small businesses an inch of breathing space.

“Taking action to increase the employment allowance, as FSB suggested, will help local and independent businesses absorb some of the increasing costs of sustaining jobs. And by reducing fuel duty, the UK Government is helping every small business reliant upon their vehicle for their livelihood, like the rural tour guide that drives a minibus or the plumber who transports their tools in their van.  

“There was little however for smaller firms facing overwhelming increases in their energy bills. This was a glaring omission when these operators have none of the protections of households nor the negotiating power of big businesses. Action is still required on this front or we face businesses that survived covid being pushed to the brink by soaring utility costs.”

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