Oral Answers to Questions
Debate between Selaine Saxby and Nigel Huddleston(10 months, 2 weeks ago)
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Sir Edward Leigh (Gainsborough) (Con)
The Financial Secretary to the Treasury (Nigel Huddleston)
Small businesses are the engines that drive our economy and we support them to thrive using levers right across Government. Our small business rates relief means that one third of business properties in England already pay no business rates. We provide tax reliefs benefiting small and medium-sized enterprises, such as the annual investment allowance and employment allowance, and we support investment in SMEs through British Business Bank programmes and a variety of other support measures.
Selaine Saxby
What consideration has been given to reducing employer national insurance contributions to help small businesses to sustain employment following the record increase in the national living wage from April, particularly in the tourism and hospitality industries?
Nigel Huddleston
My hon. Friend and I have spoken about these policy areas on a number of occasions. In terms of supporting small businesses, the employment allowance enables businesses with employer national insurance contributions bills of £100,000 or less to claim up to £5,000 off those bills. That was increased in April 2022 from £4,000 to £5,000, so the smallest 40% of businesses have already been taken out of paying employer national insurance contributions, and many of those are in the hospitality and leisure sector. We always keep policies under review, and I know that my hon. Friend will always be lobbying on this issue.
Oral Answers to Questions
Debate between Selaine Saxby and Nigel Huddleston(1 year ago)
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Selaine Saxby (North Devon) (Con)
The Financial Secretary to the Treasury (Nigel Huddleston)
The Government provide a different income tax regime for short-term lets compared with long-term lets if they qualify as furnished holiday lets, for which there are stringent conditions. As with all aspects of the tax system, the Government keep the tax treatment of property landlords under review. Any decisions on future changes will be taken by the Chancellor in the context of wider public finances.
Selaine Saxby
The changes to landlord tax relief, which fully came in during the pandemic, exclude holiday lets. That has contributed to a significant decline in residential landlords in tourist areas like North Devon. The lack of affordable rental properties has priced out workers, particularly in the hospitality sector, resulting in businesses reducing their opening hours and therefore their tax contribution to the Treasury. Can my hon. Friend provide any hope of levelling the tax playing field to encourage long-term landlords back to the market?
Nigel Huddleston
I thank my hon. Friend for her continued interest in this area on behalf of her constituents. The Government want to ensure a diverse and sustainable visitor accommodation offer while protecting local communities, including ensuring the availability of affordable housing to rent or to buy. That is why we are introducing a registration scheme for short-term lets in England, which will be a vital step towards achieving that aim. The Government keep the tax treatment of property landlords under review, but I would be happy to meet her to discuss these issues further.
Oral Answers to Questions
Debate between Selaine Saxby and Nigel Huddleston(1 year, 10 months ago)
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Nigel Huddleston
Protecting UK workers’ rights remains a priority for this Government. The UK will continue to meet its obligations under the International Labour Organisation and to advocate for the highest labour standards and working conditions globally, and that includes in our discussions on free trade agreements. In the UK GCC FTA, we will retain the UK’s high standards and protections, including the right to regulate labour, and we will also seek assurances that labour rights are not reduced to gain a trade advantage. We have these discussions in this and other Departments, and we are always happy to have frank conversations with our friends.
Selaine Saxby (North Devon) (Con)
Oral Answers to Questions
Debate between Selaine Saxby and Nigel Huddleston(4 years, 1 month ago)
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Selaine Saxby (North Devon) (Con)
The Parliamentary Under-Secretary of State for Digital, Culture, Media and Sport (Nigel Huddleston)
Covid-19 has had a severe impact on tourism, which is why we have provided a range of targeted measures to see the sector through this period. On top of the Government’s wider economic support package, we have provided business rates relief and grants for many in the sector, as well as a cut in VAT for tourism and hospitality activities until the end of March. We are continuing to engage with stakeholders to assess how we can most effectively support tourism’s recovery across the UK.
Selaine Saxby [V]
With the announcement of new restrictions until 2 December, will the Minister outline the support that will be available to my North Devon tourism and hospitality businesses that are understandably worried about the months ahead?
Nigel Huddleston
I appreciate that my hon. Friend is a great advocate for tourism, particularly in her constituency. I am fully aware of how tough the new measures will be for the tourism sector, with businesses having already faced many months of reduced trade. There are significant packages of financial support in place, as the furlough scheme and self-employed support have been extended for the period of lockdown. Many businesses in the hospitality and tourism sector will also receive grants worth up to £3,000 per month under the local restrictions support grant scheme. An additional £1.1 billion is being given to local authorities to help businesses more broadly, such as those severely impacted by restrictions but not actually forced to close.