Peter Aldous
Main Page: Peter Aldous (Conservative - Waveney)Department Debates - View all Peter Aldous's debates with the HM Treasury
(7 years ago)
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Peter Aldous (Waveney) (Con)
It is a pleasure to serve under your chairmanship, Mr Owen. I congratulate my hon. Friend the Member for Dudley South (Mike Wood) on securing this debate. I will focus on the specific issue of small breweries’ relief. I ask that the Government consider removing export volumes from the relief’s calculations.
There is clear evidence that the current arrangements hold breweries back from increasing exports, investing in buildings and equipment, and creating new jobs. St Peter’s Brewery near Bungay in my constituency was established in 1996 and set out specifically to target the export market. Its exports to 50 countries make up 42% of its turnover. St Peter’s is a great British success story, but it is constrained from doing better by the current structure of small breweries’ relief. Although the relief is generous to microbusinesses, it discourages exports by breweries looking to grow and it significantly disadvantages small and medium-sized brewers above the threshold that have export potential. St Peter’s advises that removing the duty on exports would enable it to invest in new buildings and equipment and to increase their workforce by five from 18.
St Peter’s is not alone in making the case for removing export volume from the SBR calculations. That case is also supported by the Society of Independent Brewers, which describes it as a “no brainer”, and by the British Beer and Pub Association, which includes it in its compelling eight-point export strategy. As Brexit approaches, it is vital that we realise the full export potential of an industry that is a fundamental part of the British brand. A relatively small fiscal change in next month’s Budget would enable breweries such as St Peter’s to realise their full potential, be part of a great British success story and create new, much needed jobs in their local communities.
Several hon. Members rose—