Luke Evans
Main Page: Luke Evans (Conservative - Hinckley and Bosworth)Department Debates - View all Luke Evans's debates with the HM Treasury
(10 months, 2 weeks ago)
Commons ChamberMy hon. Friend has a long history as a great champion for community organisations. I will write to him on his specific question.
The Government are committed to ending low pay. From 1 April 2024, the national living wage will increase by 9.8%, to £11.44. That represents an increase of more than £1,800 to the annual earnings of a full-time national living wage worker and it is expected to benefit about 2.7 million workers.
I congratulate the Government on increasing the national living wage, because that will make a huge difference. However, after speaking to not only those in the public sector, at the likes of my local Leicestershire County Council and Hinckley and Bosworth Borough Council, but small businesses in the private sector, I know that there is a trade-off, because they have to foot that wage bill. What steps can the Government take to make sure that those businesses and the public sector have the money to pass on to those who are earning so well?
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.