Oral Answers to Questions Debate
Full Debate: Read Full DebateTessa Munt
Main Page: Tessa Munt (Liberal Democrat - Wells and Mendip Hills)Department Debates - View all Tessa Munt's debates with the Department for Business and Trade
(3 weeks, 1 day ago)
Commons Chamber
Kate Dearden
This Government are absolutely clear that economic growth is a top priority. We are also absolutely clear that we cannot build the foundation for a strong economy with people in insecure work. That is why this legislation is so important, and we were proud to bring it forward. We are also proud to work with businesses across the country on it, and with our trade union and other partners across the country, working together so that we can build an economy that works for working people, reverse the damage that the hon. Lady’s party did in government and make sure that the economy works in the interests of everybody.
Tessa Munt (Wells and Mendip Hills) (LD)
Ensuring that business support takes account of rural needs is incredibly important for this Government. Around one in six people live in rural areas in England, with over 520,000 businesses contributing £259 billion to the English economy.
Tessa Munt
My constituent Jason runs The Cider Barn in the village of Draycott just outside Cheddar, a fantastic local venue that hosts live music and serves, unsurprisingly, really good local cider and ales. Jason was rocked by this year’s massive increase in business rates, which have jumped from £100 a month to £600 a month. I should not have to explain that that meant a significant rise in his operating costs. This kind of shock makes it so hard for micro and small businesses to survive, let alone to thrive. Given how important The Cider Barn is to the local community, what can the Minister say—and, importantly, do—to assure small businesses like Jason’s that they will be supported by this Government?
The fact that the hon. Lady’s constituent works in the hospitality sector and is located in a rural area means that he requires multiple types of support from this Government, which he is getting. We have permanently lowered the business rates multiplier for eligible retail, hospitality and leisure properties. That is worth nearly £1 billion and benefits over 750,000 businesses. I imagine that his business will fall within the definition of a small business. Just this week, we have introduced legislation to tackle late payments for small businesses, which will inject another £11 billion into the economy. This Government are on the side of businesses, whether they are in urban or rural areas and whether they are large or small.