Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Marie Goldman Excerpts
Tuesday 27th January 2026

(1 day, 9 hours ago)

Commons Chamber
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Abtisam Mohamed Portrait Abtisam Mohamed (Sheffield Central) (Lab)
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14. What fiscal steps she is taking to support small businesses.

Marie Goldman Portrait Marie Goldman (Chelmsford) (LD)
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16. What assessment she has made of the potential impact of changes to business rates on the hospitality sector.

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Dan Tomlinson Portrait Dan Tomlinson
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I thank my hon. Friend for her representations on behalf of businesses and constituents in Sheffield. One of the important things to note about the business rates system is that there are many smaller businesses on our high streets that pay no business rates at all. One in three businesses continue to benefit from small business rate relief and an additional 85,000 benefit from reduced bills as that tapers. At the Budget we announced an additional two years of small business rate relief for those businesses that expand into a second property. This will be helpful for small and independent businesses, and will support them to grow.

Marie Goldman Portrait Marie Goldman
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Chelmsford has a vibrant night-time economy. Just last Sunday, I spent the evening at a fabulous local music venue called Hot Box, right in the heart of my constituency. Venues such as Hot Box represent important cultural and social spaces for smaller cities like mine, but many are at risk due to recent Government changes to the business rates system. New analysis puts the average increase in the hospitality business rates bill in Chelmsford at nearly £23,000 over three years. For many, that is impossible to absorb. Another family-run business in Chelmsford that has been going for 25 years will see its monthly rates more than double from April. It says that it will simply have to close its doors if that goes ahead, resulting in 40 people losing their jobs. Will the Government implement the 20p discount that they have already legislated for and let all businesses in retail, leisure and hospitality get the support that they need?

Lindsay Hoyle Portrait Mr Speaker
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I think the Minister has got the idea.