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Federation of Small Businesses welcomes devolved business rates to Wales

Published in Business, News at 15:00, Thursday November 28th, 2013.

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Plans by the UK Government to devolve non-domestic business rates to the Welsh Government have been welcomed by the Federation of Small Businesses.

The organisation’s head of external affairs in Wales, Iestyn Davies, said: “We warmly welcome the full devolution of business rates to Wales, something that we have consistently and forcefully campaigned for on behalf of our members in recent years.

“The full devolution of powers over non-domestic rates to Cardiff Bay now opens the way for the reform of the current Welsh business rates regime, which is the most onerous for small businesses in any constituent nation of the UK.

“There is now no barrier to the Welsh Government reforming the business rates system to support small firms on high streets across Wales. Some work has already been done in this area and we would call for the rapid adoption of the recommendations of Professor Brian Morgan’s report into business rates, particularly his call for rates to be locally retained.”

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