Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the cumulative effect of (a) increasing betting duties on seaside arcades, (b) a nightly levy on hotel stays, (c) the abolition of Favoured Tax Regime for Furnished Holiday Lets, (d) changes to business rates relief, (e) the increase in Employer National Insurance Contributions and (f) the increase in the National Minium Wage for young people on businesses.
The Government has carefully assessed the cumulative impacts of measures announced over recent Budgets on businesses and households. Taken together, these measures raise revenue to support the public finances in a fair way, whilst providing targeted support. The Government recognises that recent policy changes will have combined effects on some businesses. Where changes are made, relevant assessments and impact notes are published to inform stakeholders. The Treasury continues to engage with affected sectors to understand the challenges they face and to ensure the UK remains a competitive place to do business. We will continue to monitor the situation closely and keep our policy approach under review, with future tax decisions taken at fiscal events under the normal process.