Political
Political factors include setting the tax rate that a business pays
The UK and the Scottish government can often make decisions that have an effect on Scottish business. Examples could include changes to Laws set by the government or a change in the amount of A payment enforced by the government that is used to support the services provided by the country a business is required to pay.
Political factors include setting the tax rate that a business pays
Political factors
| Influence | Impact | Action |
| Increase in the national minimum wage | The wage costs of a business will increase | The business will need to reduce staff hours or increase prices |
| Decrease in tax rate | The business will have more money to spend | Increased investment in the business or reduction in prices |
| Influence | Increase in the national minimum wage |
|---|---|
| Impact | The wage costs of a business will increase |
| Action | The business will need to reduce staff hours or increase prices |
| Influence | Decrease in tax rate |
|---|---|
| Impact | The business will have more money to spend |
| Action | Increased investment in the business or reduction in prices |