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In the case of licence-based businesses, a very short notice period might lead them to decide not to move to new premises and to simply wind up the business, because it takes quite a long time to move to and get a licence for new premises.
It also carries out fantastic intergenerational work with schools and nurseries, where pupils visit people who do not get many visitors in hospitals and care homes.
The FSB’s particular concern was late payment of debts, because small businesses can go bankrupt before they get paid. The bill would provide a new option.