Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Philip Dunne Excerpts
Tuesday 21st May 2019

(5 years, 6 months ago)

Commons Chamber
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John Glen Portrait John Glen
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What is important is that this Government continue to focus on creating jobs, and allowing families to experience the value of such a job and receiving more money in their household take-home pay, and that is what we will continue to focus on.

Philip Dunne Portrait Mr Philip Dunne (Ludlow) (Con)
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8. What fiscal steps he is taking to support the high street.

Lord Hammond of Runnymede Portrait The Chancellor of the Exchequer (Mr Philip Hammond)
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High streets are at the heart of our communities, and they serve a social as well as an economic purpose. To support them, at Budget 2018 I cut business rates for small and medium-sized retail premises operated by independent retailers by a third for two years from April 2019, saving businesses over £1 billion. We have also set up a £675 million future high streets fund.

Philip Dunne Portrait Mr Dunne
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I very much welcome those measures in last year’s Budget, but for this coming comprehensive spending review, will my right hon. Friend consider offering occupiers of listed premises in town centres with freehold or full repairing lease obligations a VAT exemption on repairs and maintenance of those premises, which is a cost they have to bear but their online competitors and other retailers outside high streets do not?

Lord Hammond of Runnymede Portrait Mr Hammond
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I have to say to my right hon. Friend that, under EU law, we cannot introduce a reduced rate of VAT that is limited to repairs, maintenance and renovation of listed buildings. In any case, VAT incurred on their properties by VAT-registered businesses may be recoverable from Her Majesty’s Revenue and Customs, subject to the normal VAT recovery rules. However, the good news is that we remain committed to supporting our high streets, and on Saturday we announced a £62 million fund to breathe new life into historic buildings on heritage high streets, which I hope will go some way to helping.

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Elizabeth Truss Portrait The Chief Secretary to the Treasury (Elizabeth Truss)
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I had a very useful meeting with the hon. Lady a month or so ago, and we are now taking forward the work and evidence she presented us with and working with the Home Office on looking at the economic benefits of taking more action to help survivors of child sexual abuse. It is a priority for the spending review to make sure we deal with violence against women and girls.

Philip Dunne Portrait Mr Philip Dunne (Ludlow) (Con)
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T2. The Government have an excellent track record in tackling climate change, notwithstanding what Opposition Members said earlier, and I applaud their commitment to doing more. Will the Chancellor consider introducing incentives in the comprehensive spending review to encourage occupiers and owners of industrial and agricultural buildings to improve their energy efficiency?

Robert Jenrick Portrait The Exchequer Secretary to the Treasury (Robert Jenrick)
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The clean growth strategy set out our ambition to enable businesses and industry to improve energy efficiency by 20% by 2030. Today farmers in a community such as Ludlow can make use of the rural development programme for agricultural buildings, but we have also announced two new schemes. First, there is the £315 million investment in a new industrial energy transformation fund, and secondly, we have published a call for evidence on a business energy efficiency scheme focused on smaller businesses.