Stability welcome, but small businesses need bold action, says FSB

THE Federation of Small Businesses (FSB) Wales has welcomed the "stability" in Welsh Government's Draft Budget for 2026/27.

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But the group warned that the budget overlooks the severe cost pressures on Wales' 200,000-plus small businesses.

A major concern, it says, is the lack of detail on non-domestic rates (NDR). The draft budget says NDR policy will be decided after the UK Budget on November 26 and assumes revenues will stay the same "in real terms".

FSB Wales says this leaves important questions unanswered, such as how will the multiplier be set and will relief be shared fairly across businesses of different sizes?

FSB Wales notes the draft budget keeps current levels of support in several areas that matter to small businesses.