BOOST FOR INDEPENDENT GARAGES
CEO of Euro Car Parts, Martin Gray, comments on the recent 2018 budget announcement and how it will impact small businesses.
He said ‘As the dust settles on Philip Hammond’s 2018 budget announcement, it’s clear that this was a declaration with small businesses firmly in mind’.
‘Perhaps the most promising announcement for independent garage owners was a pledge to cut business rates by up to a third for all small retailers with a rateable value of £51,000 or less. The measure, which is set to remain in place until the next re-evaluation in 2021, is estimated to save up to £8,000 per year for 90% of small businesses’.