(3 days, 23 hours ago)
Commons ChamberThe jobs tax has hit small businesses the hardest, with statistics from the Office for National Statistics showing that vacancies among small businesses alone have dropped by 18%. This proves that the jobs tax is not only crushing growth but crushing opportunity, especially in hospitality. Have Treasury Ministers commissioned their officials to look at any of the fairer revenue raisers that we Liberal Democrats have put forward—such as taxes on the banks, the tech companies or the gambling companies—in order that the Treasury could scrap the jobs tax at the next Budget?
When the Liberal Democrats were last in government, they made the decision to whack up VAT on businesses, whereas this Government are doing all we can to reform business rates so that retail, hospitality and leisure industries can get the support that they need from the business rates system. The national insurance changes that were made last year protect the smallest businesses, with many seeing lower business rates or not seeing increases.