Hospitality Sector: Fiscal Support

Debate between Nigel Huddleston and Rachael Maskell

Wednesday 31st January 2024 Westminster Hall

[Nigel Huddleston]

All I can say to the hon. Gentleman is that we are listening. Some measures are being put in place that local authorities will have powers to implement, but I understand that a lot of people are not happy with the situation. I completely understand the challenges at a local level, particularly when it comes to employment and the unaffordable cost of housing in many parts of the country, as many Members have mentioned.

[Rachael Maskell]

In my speech I mentioned the extension of covid loans for businesses that have those loans. What is the Treasury’s view on extending them so that investment can be made in those businesses elsewhere?

[Nigel Huddleston]

I cannot comment on any further changes, but there has been some flexibility with covid loans, as we have announced. This is important. Of course, we want those covid loans to be paid back, but that needs to be done over a period of time that is sustainable for businesses. This is in the context of the overall support, including the comments that I made about business rates relief and other things for the retail, hospitality and leisure sector. We are aware that the sector was hit so hard by the pandemic and is still in the process of recovering—it is recovering remarkably strongly, but it is not out of the danger zone yet.

Oral Answers to Questions

Debate between Nigel Huddleston and Rachael Maskell

Tuesday 14th November 2023 Commons Chamber

[Rachael Maskell (York Central) (Lab/Co-op)]

6. What recent assessment he has made of the potential merits of introducing a wealth tax.

[The Financial Secretary to the Treasury (Nigel Huddleston)]

Of course, the UK does not have a single wealth tax, but it does have several taxes on wealth and assets, and those generate substantial revenues. The Government are committed to keeping taxes low so that working people keep more of what they earn. The Government’s approach to delivering fiscal sustainability is underpinned by fairness, with those on the highest incomes paying a larger share.

[Rachael Maskell]

But the burden of tax is increasingly falling on working people’s incomes, while the richest 50 families in the UK have alone accumulated a combined wealth equivalent to that of half the population. Research from the University of Greenwich shows that a wealth tax could generate £70 billion for much-needed public services, so will the Government at least put forward a commission to investigate the matter and introduce a fair taxation policy?

[Nigel Huddleston]

I am not sure whether the hon. Lady is lobbying me or Opposition Front Benchers with her comments, but she will be well aware that we do have a progressive tax system in the UK. It is important to remember that the top 5% of taxpayers are projected to pay nearly half of all income tax in 2023-24; and the top 1% as much as 28%. Compared with what we inherited from Labour in 2010, when the top 1% of income tax payers paid 25% and the top 5% paid 43%, the tax system is fairer and more progressive under the Conservatives.

Oral Answers to Questions

Debate between Nigel Huddleston and Rachael Maskell

Thursday 18th May 2023 Commons Chamber

[Nigel Huddleston]

I thank my hon. Friend for the amount of work that he does as a trade envoy. We both met our Indonesian friends this week, and the Minister of State, Department for Business and Trade, my hon. Friend the Member for Wealden (Ms Ghani) will be visiting Indonesia shortly, so we are certainly building those relationships. We are always keen to look at future opportunities for trade agreements and, outside trade agreements, at enhancing the relationship through a variety of fora, for the very reasons that my hon. Friend the Member for Gloucester (Richard Graham) explains. We look forward to continued engagement with Indonesia.

[Rachael Maskell (York Central) (Lab/Co-op)]

16. Whether it remains her Department’s policy to bring forward an employment Bill.

Oral Answers to Questions

Debate between Nigel Huddleston and Rachael Maskell

Thursday 7th July 2022 Commons Chamber

[Nigel Huddleston]

Again, I assure the right hon. Gentleman that the gambling White Paper was comprehensive, and the response will be comprehensive. We have taken evidence and information from across the entire sector, so views such as those he has represented we are absolutely taking into account during the consideration.

[Rachael Maskell (York Central) (Lab/Co-op)]

6. If she will take steps to license short-term holiday lets.

[The Parliamentary Under-Secretary of State for Digital, Culture, Media and Sport (Nigel Huddleston)]

The hon. Lady will be aware that, just last week, we announced a review of this very area. It is vitally important, particularly in tourism-affected areas of the country, and I know that her city, which I have had the pleasure of visiting, is one of them.

[Rachael Maskell]

Short-term holiday lets and Airbnb are blighting my city: we have nearly 2,000. That is undermining the regulated bed and breakfast and guesthouse sector. It is taking away houses from people in my city who are desperate to get homes, but it is causing antisocial behaviour and party houses on residential streets. Will the Minister ensure that the Government introduce a licensing system as opposed to a registration scheme, and also enable local authorities to create areas where there are no Airbnbs? Will the Minister meet me to discuss the crisis we are currently facing?

[Nigel Huddleston]

I am always delighted to meet the hon. Lady. She raises some important points, articulating precisely the need for the review, which we have brought in because we are very aware of some of the issues she raised. Some of the individual entities—Airbnb and so on—are already taking action on antisocial behaviour and the number of people who can be at parties. We expect, and require them actually, to continue to be responsible for and responsive to their customers and, indeed, local communities. We have not pre-empted the conclusions of the review, so I ask her to please contribute to that review.

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[Rachael Maskell (York Central) (Lab/Co-op)]

T3. York is ambitious to make it on to the UNESCO world heritage site tentative list. We will certainly display our many heritage assets and our social history, encouraging inbound tourism to the UK. However, it is a very expensive process. What support will the Department give to help cities like York to make it on to the tentative list?

[The Parliamentary Under-Secretary of State for Digital, Culture, Media and Sport (Nigel Huddleston)]

We are looking at the long list of potential future bids for UNESCO world heritage sites. Many people will be surprised that York is not already on the list, for many of the reasons the hon. Lady outlines. I am happy to have a conversation with her. I do not think there is an expectation of financial support, but we should be able to provide support and advice.