Asked by: Tonia Antoniazzi (Labour - Gower)
Question to the HM Treasury:
What assessment she has made of the potential impact of levels of taxation on the hospitality sector.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
Businesses in our retail, hospitality and leisure sectors are foundational to our economy and our high streets, and we are supporting them to succeed.
From 2026-27, we will introduce a permanently lower business rates multiplier for retail, hospitality and leisure properties with rateable values under £500,000.
We have increased the Employment Allowance to £10,500, pledged to cut business admin costs by 25% during this parliament, and introduced tougher retail crime measures, including a new offence for assaulting retail workers and ending immunity for shop theft under £200.