Chancellor Philip Hammond has delivered his second Budget and the Federation of Small Businesses (FSB) in Scotland has broadly welcomed his announcements.
Andy Willox, the FSB’s Scottish policy convenor, said: “The last thing that Scottish small firms wanted was a Budget which pulled the rug from under them. The Chancellor’s solid plans will give many in business a little of the stability they crave.
“As many as 190,000 Scottish micro-businesses – like crofters, musicians and start-ups - could have been hit had the VAT threshold been lowered. Instead, FSB is ready to work with the Treasury to simplify an over-complicated tax.”