Ian Levy
Main Page: Ian Levy (Conservative - Blyth Valley)Department Debates - View all Ian Levy's debates with the HM Treasury
(2 years, 1 month ago)
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Mr John Baron (Basildon and Billericay) (Con)
Ian Levy (Blyth Valley) (Con)
Karl MᶜCartney (Lincoln) (Con)
Kwasi Kwarteng
I am very pleased to tell my hon. Friend that we are going to introduce the medium-term fiscal plan in three weeks’ time, but let us consider the measures that we have already introduced. National insurance hikes have been reversed, the corporation tax rise has been scrapped and the annual investment allowance remains at £1 million. These are measures that small businesses up and down the land have been very appreciative of.
Ian Levy
As my right hon. Friend will be aware, small businesses are the backbone of our local economy—none more than Catling Bakery in Cramlington, which has expanded from running a bakery to running a café and now a dessert bar. Would my right hon. Friend please assure me that this Government will do all they can to help these businesses thrive?
Kwasi Kwarteng
Absolutely right. Of course, we have also supported Catling Bakery which my hon. Friend mentions through an energy package—£60 billion for households and businesses for six months—which we absolutely felt it necessary to do.