Asked by: Laurence Robertson (Conservative - Tewkesbury)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps she is taking to increase trade with African countries.
Answered by Greg Hands - Minister of State (Department for Business and Trade)
The Department is actively expanding trade with Africa through 9 agreements across 18 nations, offering preferential access to UK markets. The Department’s recently launched Developing Countries Trading Scheme, effective in 65 countries, including 37 in Africa, simplifies rules and lowers tariffs to boost exports and stimulate growth. In Spring, the Prime Minister will host the second UK-African Investment Summit in London, fostering modern partnerships in trade and investment. Bilaterally, the Department is also working to enhance market access across the continent, solidifying our commitment to mutually beneficial economic ties with African nations.
Asked by: Laurence Robertson (Conservative - Tewkesbury)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what recent assessment she has made of the viability of businesses in the hospitality sector, in the context of (a) the rates of VAT applicable to them and (b) increases in the cost of (i) living and (ii) energy; and if she will make a statement.
Answered by Kevin Hollinrake - Minister of State (Department for Business and Trade)
My Department regularly engages with businesses in the hospitality sector and is actively working with Hospitality Sector Council to support businesses with the costs they face.
The Government introduced a temporary reduced rate of VAT for hospitality on 15 July 2020 to support businesses that were severely affected by COVID-19. This relief ended on 31 March 2022. At the Autumn Statement 2022 the Chancellor brought forward a package of changes to business rates worth £13.6bn to businesses over the next 5 years.
This is in addition to the Energy Bills Relief Scheme, which discounted businesses’ energy bills until 31 March 2023, and the new Energy Bills Discount Scheme.