Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of introducing support to independent toymakers and sellers.
We have cut business rates by 50% for eligible retail businesses in 2022-23, increased the Employment Allowance to £5,000 cutting the cost of employment for 495,000 small businesses, and increased the Annual Investment Allowance to £1 million.
We have also cut fuel duty by 5p for 12 months, and our Help to Grow programmes will enable eligible SMEs to mitigate the effects of rising costs by providing financial discounts on approved digital technologies up to a value of £5000 and improving SME leadership and management skills though subsidised courses.