Covid-19: Fiscal Support

Part of Treasury – in the House of Commons on 15th September 2020.

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Photo of Rishi Sunak Rishi Sunak The Chancellor of the Exchequer

The hon. Lady claims that it was woefully inadequate; the VAT reduction was the single biggest ask from the UK hospitality industry. Not only was that delivered, but it was delivered with an extra initiative, eat out to help out, which proved to provide an enormous fillip to the reopening of that part of the economy. It is also worth bearing in mind that all the businesses engaged in that industry are not paying any business rates at all until March next year.