SMEs: Tax

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 6 November 2018.

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Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General 12:00, 6 November 2018

My hon. and gallant Friend always gets there in the end and in my experience he is very good when he does. I can tell him that we do a great deal to support small businesses. We announced our one third reduction in the small business rate. Our tax rate for small business is declining. It is now 19% and it will fall to 17% in the next couple of years.