In the past few weeks, we have set out our plans to crack down on rogue landlords, we have launched 12 new enterprise zones, we have unveiled a £40 million cash boost for Britain’s coastal communities and we have listened to some of the concerns voiced about our business rates revaluation, responding with a £435 million package. However, contrary to previous promises, I can no longer expect to deliver 100% business rates retention by the end of this Parliament—simply because the end of this Parliament will now come round rather sooner than I had previously thought.
(11 years, 10 months ago)
Commons ChamberMy hon. Friend is absolutely right to raise this issue and the help it brings, particularly with regard to apprenticeships. In fact, in the constituency of the hon. Member for Bethnal Green and Bow (Rushanara Ali), there has been a more than 100% rise in apprenticeships because of this Government.
14. How much revenue will accrue to the Exchequer from the beer duty escalator in each of the next three years.
The Government have inherited plans to increase alcohol duties by 2% above inflation until 2014-15. The extra 2% is forecast to increase beer duty receipts by £35 million next year and £70 million the following year.
My hon. Friend is right to raise this issue, and he has contributed to many debates on it in this House. Making the change would mean lost revenue, and we would have to find another way to cover that loss. He may find it useful if I point out some Government measures that have helped pubs, such as the changes in the annual investment allowance, the cut in the small profits rate of corporation tax and the extension of small rate relief holiday.