Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Christian Matheson Excerpts
Tuesday 21st May 2019

(4 years, 10 months ago)

Commons Chamber
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Robert Jenrick Portrait Robert Jenrick
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My hon. Friend is absolutely right and that is what the Government are doing: investing in ultra-low emission vehicles; increasing the capital allowances budget, now extended to 2023, for EV charge points; announcing a £400 million fund to get private sector investment in getting those charge points rolled out across the country; and, through the plug-in car grant, giving generous subsidies to help people to buy their first electric vehicle.

Christian Matheson Portrait Christian Matheson (City of Chester) (Lab)
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11. What assessment he has made of the potential merits of extending business rates relief to more music venues.

Mel Stride Portrait The Financial Secretary to the Treasury (Mel Stride)
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We announced in the Budget that we were reducing business rates for small retailers and others by one third. Music venues are not specifically included, although local authorities may make some judgments around that. We, of course, keep all tax reliefs and taxes under review.

Christian Matheson Portrait Christian Matheson
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The music sector contributes billions to the economy and so much more in terms of life enrichment, but the opportunity pipeline is being constricted as music venues close under pressure. Will the Minister agree to just a small tweak to the retail discount scheme guidance to make it clear that music venues are eligible?

Mel Stride Portrait Mel Stride
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Music venues are eligible for many of the reliefs, worth £13 billion over the coming years, we have introduced since 2016, as well as the switch from uprating the multiplier from RPI to CPI. Many benefit from small business rates relief as well. I will of course, as with all representations, take the hon. Gentleman’s comments on board and consider them going forward.