Cost of Living

Part of Wales – in the House of Commons at on 8 May 2024.

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Photo of Alun Cairns Alun Cairns Conservative, Vale of Glamorgan

Small businesses, particularly those in retail and hospitality, are directly affected by cost of living challenges coming from covid and the energy price spike from the Ukraine conflict. The Chancellor has, therefore, introduced a 75% business rate relief scheme in England, which is supporting businesses in England. Does my right hon. Friend the Secretary of State share my concern that that funding is not being used to the same degree in Wales, and that business rates in Wales are only being relieved at a rate of 40%, so businesses are paying more in tax?