Oral Answers to Questions

Debate between David Amess and Huw Merriman

Tuesday 22nd May 2018 Commons Chamber

[Sir David Amess (Southend West) (Con)]

1. What fiscal steps he is taking to support businesses and entrepreneurs.

[Huw Merriman (Bexhill and Battle) (Con)]

11. What steps he is taking to support businesses and entrepreneurs.

[The Chancellor of the Exchequer (Mr Philip Hammond)]

One year on from the appalling Manchester Arena attack, I am sure that I speak for everyone in the House in saying that on this day our thoughts are with those who lost their lives and their families, and those who suffered life-changing injuries. We will remember them with a minute’s silence later today.

The UK’s 5.7 million small businesses make a vital contribution to our economy, employing 60% of the private sector workforce, and the Government are determined to facilitate their success. We are keeping taxes low and ensuring that firms can access the support that they need to thrive. Following the patient capital review, we are expanding the tax reliefs available to entrepreneurs that will support them in growing their businesses, and we have launched a patient capital action plan to unlock £20 billion of funding to help high-growth firms to reach their potential.