Martyn Day – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Martyn Day on 2016-03-16.

To ask Mr Chancellor of the Exchequer, what steps he is taking to support the licensed hospitality sector to mitigate the effects of (a) wage rate inflation and (b) reduced demand for drink and food-led outlets.

Mr David Gauke

The Government is committed to supporting pubs and other licensed hospitality firms. The sector will benefit from the changes announced at Budget 2016. These include cutting business rates for all properties in England with Barnett consequentials for Scotland, Wales and Northern Ireland to introduce equivalent measures if they so wish.

Reforms to stamp duty land tax on non-residential property transactions will cut the tax for many small businesses purchasing property. Budget 2016 also announced the corporation tax rate will be cut to 17% in 2020 and that the duty rates on beer, spirits and most ciders will be frozen this year.