FSB have had huge influence on making change and influencing policy – recently securing a £940 million reduction in business rates for small firms; a freeze on the VAT threshold as well as on fuel duty. They also persuaded the Government to adopt a reform package to stop late payments to small businesses.
They’ve successfully campaigned for small firms to be excluded from the IR35 extension; and secured a £675 million Future High Street Fund. FSB successfully campaigned for the abolishment of the unfair ‘staircase tax’ and the halving of apprenticeship training co-investment.
The 5.8 million small businesses in the UK make up 99.3 per cent of all private sector businesses. They contribute a staggering amount to the UK’s local and national economies, as well as being a major source of employment. FSB encourage members to get involved with their work – from engaging with their campaigns, to standing in their local and national member volunteer elections. Together, we are stronger.