AGP Executive Report
Last update: 16 minutes agoBudget and Business Rates: The Autumn Budget raises tax on savings and property income and keeps personal tax thresholds frozen, but raises the Small Business Rates Relief threshold from £12,000 to £18,000 from April 2027, potentially removing about 70,000 retail, hospitality and leisure businesses from rates. Suppliers are warned not to assume relief means customers can pay bills promptly. Red Tape: A Highland homebuilder says lengthy public-sector contracts are shutting small firms out of rural projects, comparing one 400-page process with a seven-page community scheme contract. Cybersecurity: The UK has cut the cost of its Cyber Essentials scheme by 75%, with discounts also available to vulnerable small firms. Design Protection: New reforms will let small businesses take registered-design disputes to the small claims court for the first time.
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