Hospitality Industry and Retail Trade: City of Durham

(asked on 3rd September 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what fiscal steps she is taking to support small retail, hospitality and leisure businesses in City of Durham constituency.


Answered by
Dan Tomlinson Portrait
Dan Tomlinson
Exchequer Secretary (HM Treasury)
This question was answered on 9th September 2025

Businesses in our retail, hospitality and leisure sectors are foundational to our economy and our high streets, and we are supporting them to succeed.

From 2026-27, we will introduce a permanently lower business rates multiplier for retail, hospitality and leisure properties with rateable values under £500,000.

We have increased the Employment Allowance to £10,500, pledged to cut business admin costs by 25% during this parliament, and introduced tougher retail crime measures, including a new offence for assaulting retail workers and ending immunity for shop theft under £200.

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