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12 December 2018

FSB welcomes ‘savvy’ Scottish Government Budget

Reference number: SPUPR1212

Andrew McRae, FSB’s Scotland Policy Chair, said: “Like smaller firms across Scotland, Derek Mackay today showed that he’s getting on with business despite the Brexit backdrop. This is a mostly savvy budget proposal that should give smaller firms some much needed stability.

“Over the last few years, independent businesses have been leading a fightback on our high streets. But local traders can’t prop up our town centres on their own. That’s why we’re pleased to see Derek Mackay back the FSB’s idea for a new Scottish town centre diversification fund. Similarly, a below inflation increase to business rates will give many smaller firms outside existing help much needed breathing space.

“The Finance Secretary talked about directing our economic and skills agencies to help Scottish business ride out any economic turbulence caused by the UK leaving the EU. That’s an important and sensible move.

“While there are areas where we’ll press Ministers to take additional action or give us more details, this looks like a no-gimmick budget at a difficult time.”