FSB asks politicians on all sides: ‘Do you know it’s Christmas?’

FSB
Mike Cherry, National Chairman of the FSB

Federation of Small Businesses National Chairman Mike Cherry has asked politicians if they know it’s Christmas as the FSB champions the cause of small firms over festive financial hardship.

Mr Cherry said: “October’s retail sales statistics show just how difficult the current retail climate is for small firms. Small businesses are in the midst of a confidence crisis, plagued by political uncertainty and rising costs.

“With a general election just four weeks away, manifestos are being drawn up by all political parties. We need to see strong pledges that will help small businesses grow and thrive being put front and centre. Key to this will be a major overhaul of the outdated business rates system, which is currently holding back so many small firms.

“This reform should start with a wider roll out of the retail rates discount, which allows small retailers to claim a third off their rates bills, including small firms across the sectors and making it permanent. We then need to see a significant uprating of the £12,000 rateable value ceiling for Small Business Rate Relief.

“In the run up to a rare December election and the busiest trading period for many retailers, we’re asking politicians – do they know it’s Christmas?

“Politicians must show they back small firms by focussing on domestic issues that matter to them.”