Welsh firms still have a key budget hurdle to face

BUDGET Day has passed and, thankfully, an end to the speculation business owners have endured over the past few weeks.

- By Andrea Knox, Solicitor & Licensed Insolvency Practitioner, Committee Member, North Wales Business Club

However, Welsh businesses have another important day to come, as the Welsh Government still has to finalise its own draft budget - a process that will no doubt be shaped by the Chancellor's choices.

This is especially relevant for retail and hospitality firms, many of whom fear losing the current 40% business rates relief that has helped them stay afloat during a period of rising costs and weakening demand.

That fear is not unfounded.