Economic Update Debate

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Department: HM Treasury
Tuesday 17th March 2020

(4 years, 8 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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It is because of what was announced yesterday and the particular impact on the hospitality sector that today we have announced a series of steps of considerable support for that sector. As I have already said, when it comes to renting, the Secretary of State for Housing, Communities and Local Government will shortly be announcing measures to protect renters in these circumstances, and we have strengthened the safety net, the security, for people to fall back on.

John Hayes Portrait Sir John Hayes (South Holland and The Deepings) (Con)
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In amplifying the point made by my right hon. Friend the Member for Chingford and Woodford Green (Sir Iain Duncan Smith), will the Chancellor specifically say whether the charitable sector will be eligible for both the rate holiday and the grant funding? It is critical that we help those whose aim, purpose and mission is to help others.

Rishi Sunak Portrait Rishi Sunak
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Most charities are already eligible for 80% charitable rate relief, but they will benefit from the new enhanced retail rate relief at 100%.