Regional Economic Inequalities

Part of Treasury – in the House of Commons at on 19 March 2024.

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Photo of Gareth Davies Gareth Davies The Exchequer Secretary

My hon. Friend is right: we increased the VAT threshold for small businesses, which will benefit 28,000 businesses across the country. We feel that the £90,000 threshold strikes the right balance between managing public finances sustainably and supporting businesses, but as my hon. Friend knows, we keep these things under review.