Small Business Saturday highlights importance of small, independent businesses

The transcript discusses the importance of small businesses in the UK economy and the challenges they face, such as high business rates and limited support. The government and political parties are focusing on small businesses, especially during the festive season, to gain support ahead of the general election. Labour promises to cut business rates to aid small businesses, highlighting their role in economic prosperity.

What is the significance of Small Business Saturday as described in the text?

What are the challenges faced by small businesses during the festive season?