PARLIAMENTARY WRITTEN QUESTION
(13 January 2025)
Question Asked
Asked by:
Matt Bishop (Labour)
Answer
Pubs and hospitality businesses, including those in rural areas and Forest of Dean, are at the heart of our communities and are vital for economic growth. That is why the Government is creating a fairer business rate system by introducing permanently lower tax rates for retail, hospitality, and leisure businesses from 2026-27 and extending the current relief for 1 year at 40%.
The government is also reducing alcohol duty on qualifying draught products, representing an overall reduction in duty bills of over £85m a year. This work will be supported by the publication of The Small Business Strategy Command Paper which will be published later this year.
Through the Hospitality Sector Council, we are addressing strategic issues for the sector related to high street regeneration, skills, sustainability, and productivity.
Answered by:
()
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.