Oral Answers to Questions

Debate between Laura Trott and Gregory Campbell

Tuesday 6th February 2024 Commons Chamber

[Laura Trott]

I thank my hon. Friend for his question, and I will take the two parts of it in turn. The Government continue to support businesses with the higher costs through a generous package of support. At the autumn statement, we showed our commitment to supporting small businesses by extending the 75% retail, hospitality and leisure relief, and by freezing the small business multiplier, which will protect more than 1 million properties from the multiplier increase. Yesterday, we announced a wide-ranging package of support worth £600 million for local councils, including £500 million of new funding for social care.

[Mr Gregory Campbell (East Londonderry) (DUP)]

I understand that concerns were expressed some years ago about how a significant increase in the minimum wage may well have a knock-on effect, particularly on the hospitality sector. Given that that did not come about with previous living wage increases, will the Chief Secretary commit her Government to ensuring that future increases will be monitored closely to enable and assist small businesses to increase wage levels systematically and sustainably over the longer term?

[Laura Trott]

I can commit to the hon. Gentleman that we are absolutely monitoring the effects, but, as I said, a good package of support is in place for businesses.