Consumer Goods: Finance

(asked on 10th December 2024) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of changes in the Autumn Budget on the consumer goods sector.


Answered by
Gareth Thomas Portrait
Gareth Thomas
Parliamentary Under Secretary of State (Department for Business and Trade)
This question was answered on 17th December 2024

The Chancellor has been clear that the government had to take difficult decisions in budget. To fix the foundations of the economy and provide a platform for growth.

Government is focused on its five-point plan to breathe life back into Britain’s high streets supporting the consumer goods sales in particular. We understand how important the high street is to our businesses which is why our plans include tackling retail crime, ensuring a level playing field between online and high street businesses, stamping out late payments and ending the blight of empty spaces. The government is creating a fairer business rate system and transforming the apprenticeship levy to support business and boost opportunities.

The Small Business Strategy Command Paper, which we will publish next year, will set out our plan to boost scale-ups, grow the cooperative economy, create thriving high streets, make it easier to access finance, help break into overseas and domestic markets, build business capabilities, and provide a strong business environment.

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