Small Businesses

Part of Oral Answers to Questions — Treasury – in the House of Commons at on 1 October 2019.

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Photo of Huw Merriman Huw Merriman Conservative, Bexhill and Battle

I welcome all of the Treasury team to their places and thank the former Chancellor, my right hon. Friend Mr Hammond, for letting me work so closely with him. It was an amazing privilege.

I spent an amazing day with my Constituency businesses in the village of Beckley. They are concerned about business rates, on which I support their call for reform, as well as about the VAT threshold and lack of taper. They will also now be writing to me about the welcome increase to the national living wage. Can we do more to support small businesses? They are the backbone of rural economies and without them we will not have employment.

Chancellor

The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.

constituency

In a general election, each Constituency chooses an MP to represent them. MPs have a responsibility to represnt the views of the Constituency in the House of Commons. There are 650 Constituencies, and thus 650 MPs. A citizen of a Constituency is known as a Constituent