A very jolly Christmas to you and all, Mr Speaker.

Small and medium-sized enterprises are the backbone of the economy, and we support them to thrive using levers across government. Our small business rate relief means that one third of business properties in England already pay no business rates. We provide tax reliefs benefiting SMEs, such as annual investment allowance and employment allowance, we support investments in SMEs through the British Business Bank programmes and we fund the schemes offering SMEs training and advice.