Oral Answers to Questions

Debate between Kwasi Kwarteng and Caroline Ansell

Tuesday 11th October 2022 Commons Chamber

[Kwasi Kwarteng]

Which of the tax cuts do the Opposition want to stop? Do they want to stop the cut in the basic rate? Are they committed to having a high tax economy? The other thing I suggest is that the hon. Lady should get her facts right; the IMF today has said that our growth is going up, not down.

[Caroline Ansell (Eastbourne) (Con)]

T4. Early results from my local business survey strongly suggest that a lower VAT rate would increase investment, which would boost recovery and growth in the hospitality sector in my beautiful constituency. Will my right hon. Friend be reviewing the case for a lower rate, to bring us back into line with some of our international competitors?

Oral Answers to Questions

Debate between Kwasi Kwarteng and Caroline Ansell

Tuesday 9th February 2021 Commons Chamber

[Caroline Ansell (Eastbourne) (Con) [V]]

The Government have provided life support to the hospitality sector, but my hoteliers are flagging that we are moving into a potential perfect storm of deferred payments coming into focus and the support scheme set to close. The weekend’s announcement on bounce-back loans has been met with huge relief in my constituency for the 1,800 businesses that are in that place. I ask the Minister to look also at extending the 5% VAT rate, furlough and the business rates holiday, so that the hospitality sector in my constituency of Eastbourne, and across the country, can come back all the stronger.

[Kwasi Kwarteng]

My hon. Friend is right, and I fully appreciate how key the hospitality sector is to her constituency of Eastbourne, which I have visited many times, even before I was elected to this place. The Government have introduced pay as you go measures, as I am sure she is aware, which give borrowers flexibility when repaying their bounce-back loans. In terms of the other measures that she mentions, I am in constant dialogue with the Chancellor. We are looking at the economy and the situation as it evolves daily—minute by minute, almost—and we hope that we can provide the flexible support that we have in the last year.