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SNP small business tax cut pledge | |
(1 day later) | |
The Scottish National Party have pledged to scrap business rates for 120,000 small firms if it wins power at Holyrood. | |
The party published an economic policy document at its annual conference in Perth which lists proposals for a wealthier Scotland. | |
It claims a new trust fund from the proceeds of North Sea oil would give Scotland an extra £4.3bn each year. | |
Delegates backed plans to introduce direct elections to NHS boards. | |
On the second day of the conference, members also voted to tackle under-age drinking and to raise the legal age for smoking from 16 to 18. | |
Later, the SNP pledged to replace the Forth Road Bridge, either with a new bridge or a tunnel. | |
Two of the economic measures - cutting corporation tax to 20%, or 10% below the UK level, and the creation of an oil fund - would have to wait for full independence. | |
We need a focus on Scottish economic growth that London can't and won't deliver Stewart HosieSNP treasury spokesman | |
The party argues that if corporation tax is cut in Northern Ireland, as demanded by some politicians in the province, Scotland could follow suit. | |
The other measures, including the business rates pledge, could all be achieved by an SNP administration within the present set-up. | |
The party proposes to abolish business rates completely for all businesses with a rateable value of £8,000 or less. | |
These currently number 120,000. | |
A further 30,000 small firms would have their rate bills cut, with 50% rates relief for firms with a rateable value of £8,000 to £10,000, and 25% relief for firms with a rateable value of £10,000 to 15,000. | |
'Scottish economic growth' | |
The party argues that the cost of low growth in the last two years alone has been a £2bn shortfall in the economy, equivalent to £400 for each member of the population. | |
The party argues that cutting corporation tax below UK levels would grow the economy and increase tax revenues by £10bn over 10 years. | |
Stewart Hosie, the SNP's treasury spokesman, said: "The lesson from Ireland, and Norway, Finland, Sweden, Denmark, Iceland, all nations richer per head than the UK, is that we need a focus on Scottish economic growth that London can't and won't deliver." | |
Meanwhile delegates voted for at least 50% of health board places to be elected. | |
Party health spokeswoman Shona Robison said: "The health boards require to be democratised because too many local communities have seen their health services withdrawn by unelected and unaccountable people." |
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