Steve Double
Main Page: Steve Double (Conservative - St Austell and Newquay)Department Debates - View all Steve Double's debates with the HM Treasury
(7 years, 8 months ago)
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Jane Ellison
I am familiar with the right hon. Gentleman’s figures, and Treasury officials have met campaigners over several years to look at them. We will always look at the evidence, but we disagree with the campaign’s economic assessment. Together with HMRC, the Treasury assesses that such a cut would cost around £10 billion a year—approximately £7 billion for restaurants and bars, and about £3 billion for leisure and accommodation.
Steve Double (St Austell and Newquay) (Con)
What further steps are being taken to support the tourism industry, particularly in places such as Cornwall, where tourism is so important to our local economy?
Jane Ellison
We look to support the tourism sector in a whole range of ways, and the sector is doing very well. We have seen great increases in the number of tourists, and my hon. Friend is a great advocate for his region. Tourism is one of the highest performing sectors in the economy. For example, the UK has one of the highest VAT registration thresholds in the EU— [Interruption.] The highest. That helps many small businesses that are providing goods and services to tourists without charging VAT at all.