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Budget 'Good News' for Small Businesses in Scarborough

Budget 'Good News' for Small Businesses in Scarborough

Published by the Yorkshire Coast Radio News Team at 12:40pm 23rd March 2016.

Scarborough's traders are celebrating a cut in business rates.

In last week's Budget, Chancellor George Osbourne announced from next year more than half a million small businesses would no longer have to pay them.

That will save them nearly £6,000 a year.

President of the town's Chamber of Trade, Janet Jefferson, said:

"I think it's good - it will bring more businesses of a different variety: more independents, more specialists and it will bring more people to the town and help our tourism and economy.

"In theory it will encourage more people to go into business, because they're exempt from more charges".

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