Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Anthony Mangnall Excerpts
Tuesday 11th February 2020

(4 years, 9 months ago)

Commons Chamber
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Simon Clarke Portrait Mr Clarke
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We are consulting on the option of accelerating the phasing out of petrol and diesel cars, because the average lifespan of a vehicle is around 14 years, and if we are to hit our net zero targets by 2050, we need to be sensitive to that. I can reassure the right hon. Gentleman that we are listening carefully to the industry on this issue. Just last week, I met the Society of Motor Manufacturers and Traders for a productive conversation on how we can do this in a way that supports the sector.

Anthony Mangnall Portrait Anthony Mangnall (Totnes) (Con)
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5. What fiscal steps he is taking to help small businesses.

David Evennett Portrait Sir David Evennett (Bexleyheath and Crayford) (Con)
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9. What fiscal steps he is taking to help small businesses.

John Glen Portrait The Economic Secretary to the Treasury (John Glen)
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The UK’s 5.8 million small businesses play a vital role in our economy. We have lowered corporation tax from 28% in 2010 to 19%. We have introduced the employment allowance, to reduce employers’ national insurance contributions bill by £3,000 every year, and we have reduced the business rates burden, so that more than 675,000 of the smallest businesses pay no rates at all.

Anthony Mangnall Portrait Anthony Mangnall
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Last week, Members from across the House came together to celebrate our beers, breweries and pubs. Will the Chancellor and his team raise a glass to our pubs and breweries and lower the duty on those institutions?

John Glen Portrait John Glen
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The Treasury team love pubs, and we recognise the importance of pubs to the economy and to community life up and down this country; they provide a place to socialise and drink responsibly. That is why we have frozen the duty over six of the last seven years, which means that a pint of beer is 14p cheaper than it would have been otherwise, and we are now at a 30-year low in real terms.