James Wild
Main Page: James Wild (Conservative - North West Norfolk)Department Debates - View all James Wild's debates with the HM Treasury
(1 day, 9 hours ago)
Commons ChamberThe Chancellor promised a new golden era of hospitality, but the reality of her business rates raid, as the British Beer and Pub Association has said, is
“sleepless nights, pay cuts and staff layoffs”
for publicans, who will be paying an extra £13,000 on average. Why did the Chancellor tell businesses last week that their taxes were going down when they are going up, and will she think again and change the multipliers?
Dan Tomlinson
The multipliers are a product of the change in the valuation, and they did come down. We brought them down even further for retail, hospitality and leisure businesses. Without intervention this year, the bills paid by pubs would have increased by 45% as a result of the increase in value since the pandemic; because of this Government’s significant intervention this year, bills are going up by 4%. That is the impact of the changes this Government have made.