To ask the Secretary of State for Business and Trade, what steps she is taking to provide long term (a) financial and (b) other support to the hospitality sector.
The Spring Budget 2023 included an increase in Draught Relief from 1 August to 9.2%, freezing the duty charged on a typical pint of beer in the pub and ensuring this will always be lower than in the supermarket.
The Autumn Statement 2022 included a package of changes to business rates worth £13.6bn over the next 5 years in lower bills. This is in addition to the Energy Bills Discount Scheme; the increased Employment Allowance of £5,000, which takes the smallest 40% of businesses out of paying any National Insurance at all; and setting the Annual Investment Allowance at £1 million permanently.
My department recently published an update on progress towards delivery of the Government’s Hospitality Strategy, with the key ambition of building the sector’s long-term resilience.