Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Saqib Bhatti Excerpts
Tuesday 28th June 2022

(1 year, 9 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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The right hon. Gentleman makes an excellent point. As I said from this Dispatch Box at the time of the spring statement, we were unable to extend our VAT cut on energy-saving materials to Northern Ireland because of some of the provisions in the protocol. He will know that the legislation we have put before this House, which I am glad received support last night, will address exactly those issues.

Saqib Bhatti Portrait Saqib Bhatti (Meriden) (Con)
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4. What fiscal steps his Department is taking to support small and medium-sized enterprises.

Gagan Mohindra Portrait Mr Gagan Mohindra (South West Hertfordshire) (Con)
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12. What fiscal steps his Department is taking to support small and medium-sized enterprises.

Saqib Bhatti Portrait Saqib Bhatti
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A couple of weeks ago, I met people from a number of hospitality businesses at Nailcote Hall. They expressed not only their gratitude for the support the Treasury gave during the pandemic, but their concerns about the cost of living and about supply-chain costs, which they cannot necessarily pass on to consumers. What assurances can my hon. Friend give the businesses in my constituency, especially those in the hospitality sector, that the Government will keep them in mind in terms of future support?

Helen Whately Portrait Helen Whately
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It is good to hear that my hon. Friend has been speaking to the hospitality sector in his constituency, no doubt drawing on his expertise in those conversations. As he said, we provided substantial support to that sector during the pandemic. We recognise the ongoing challenges for businesses as we recover, which is why we are giving thousands of hospitality, leisure and retail businesses a 50% cut in business rates this financial year—worth up to £110,000 per business.