PARLIAMENTARY WRITTEN QUESTION
Business: Cost of Living (1 December 2022)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with businesses in Wirral South on the potential impact of the cost of living crisis on those businesses.

Asked by:
Alison McGovern (Labour)

The Government recognises the impact rising prices are having on businesses, including those in Wirral South, and is engaging with businesses across the UK to understand these challenges and explore ways to mitigate them.

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The Government has reversed the National Insurance rise, saving SMEs £4,200 on average, cut fuel duty for 12 months and brought in the Energy Bill Relief Scheme, which is shielding businesses across the country from soaring energy prices, saving some around half of their wholesale energy costs.

We have also announced £13.6 billion of support for businesses over the next five years, reducing the burden of business rates for SMEs.

Answered by:
Kevin Hollinrake (Conservative)
9 December 2022