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Crockart welcomes business growth figures

October 30, 2013 3:23 PM
Originally published by Scottish Liberal Democrats

Commenting on statistics on business in Scotland released today whichMike CrockartMike Crockart show that the number of businesses rose by 1,745 since last year, Liberal Democrat Business, Innovation and Skills Committee member Mike Crockart MP said:

"These latest figures which show a growth in retail sales and in the number of small business in Scotland are encouraging. Liberal Democrats want Scotland as part of the UK to be the best place in the world to start and grow a business.

"We are building a stronger economy, with 70,000 businesses and charities in Scotland enjoying a National Insurance cut through our £2000 employment allowance. We want them to use this money to take on more staff. We have already reduced tax rates to twenty percent for SMEs with profits up to £300,000.

"Scotland has always been an entrepreneurial country so it is particularly encouraging that the majority of the growth came in start-up companies, those not yet registered for VAT or PAYE. The potential of these companies is enormous and both of Scotland's governments must work hand in hand to boost jobs and growth, enabling more people to get on in life."