Oral Answers to Questions
Debate between Darren Henry and Paul Scully(3 years, 2 months ago)
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The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Paul Scully)
I am glad that the hon. Lady has been listening to the same businesses that I have been listening to for the last year, as they have talked about the cliff edge that they face and their big fixed costs, whether those are business rates, VAT or the rent moratorium, all of which we are recognising. We are continuing our conversations with the Treasury, because it is so important that as we reopen the economy, and look to get customers back to a safe and warm welcome to retail and hospitality, we also have a flexible approach to our financial support in order to tackle this difficult period.
Darren Henry (Broxtowe) (Con)
Arcadia and Debenhams: Business Support and Job Retention
Debate between Darren Henry and Paul Scully(3 years, 4 months ago)
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Paul Scully
Given that these businesses are big brand names, this is clearly an issue for the whole UK. We will continue to work with and listen to the devolved Administrations, and to speak to them about what support we can look at across the UK as a whole.
Darren Henry (Broxtowe) (Con)
Hospitality businesses are a vital part of our high streets. Winter is the time that these businesses, like many others, make their plans for the next season. They are currently planning in the dark, having been singled out for restrictions and excluded from the Christmas bubble proposals. Therefore, many will have no option but to make some very difficult decisions this Christmas. Does my hon. Friend agree that we need to consider a longer-term recovery for this vital component of the high street, and that there is a case to make the 5% VAT rate more permanent—extending it to the end of the financial year—which might help to address the issues of rent, debt and an uncertain cash flow going into 2021?
Paul Scully
My hon. Friend is working hard for his hospitality sector offering in Broxtowe. I will be leaving this place to speak to hospitality sector representatives immediately after this urgent question, and they will have a number of those asks. I look at this sympathetically because, as I have said, the high street is an ecosystem; we must all work together to support the business community as a whole.