Oral Answers to Questions
Debate between Lord Hammond of Runnymede and Tim Farron(5 years, 5 months ago)
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Tim Farron (Westmorland and Lonsdale) (LD)
World-class connectivity is vital to tackling the deficit, but the Treasury’s decision to stop investors in community benefit societies receiving 30% tax relief could undermine the good work of broadband pioneers such as Broadband for the Rural North—B4RN—in Cumbria. Given that B4RN has reached the parts of Cumbria that the Government and BT could not or would not reach, what assessment has the Chancellor made of the effect of that decision, and will he think again about his damaging proposals?
Mr Hammond
I am not familiar with the case to which the hon. Gentleman has referred, but obviously we want to encourage the delivery of high-speed connectivity in all areas, including rural areas. If the hon. Gentleman wishes to write to me with the details, I shall be happy to look at them and respond to him.
Oral Answers to Questions
Debate between Lord Hammond of Runnymede and Tim Farron(5 years, 7 months ago)
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Mr Hammond
The answer, of course, is to ensure that we leave the European Union in a way that supports our economy across the United Kingdom. That means a negotiated deal that allows us to have a smooth exit and retain a close trading partnership with our European neighbours in the future.
Tim Farron (Westmorland and Lonsdale) (LD)
Some 51,000 shops on the UK’s high streets closed in the past year. Local businesses in even successful places such as Kendal and Windermere struggle because they are forced to pay huge taxes while mega-online retailers get away with paying next to no tax at all. Will the Chancellor give a well-deserved Christmas present to the high street by halving business rates there paid for by taxing internet firms on the basis of their turnover, not just their profits?
Mr Hammond
I am not sure whether the hon. Gentleman was in his place for the Budget, but I did in fact announce a digital services tax based on turnover. I also announced a reduction of one third in the business rates for independent retailers. I am very happy to have a meeting with him and explain the changes in detail.