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1519836

	registered interest
	date	10/10/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Music: Business Rates
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent assessment his Department has made of the effect of business rates on the viability of (a) live music venues and (b) music studios.
	tabling member constituency	Somerton and Frome
	tabling member printed	David Warburton
	uin	59936
	answer	answer is ministerial correction date of answer 18/10/2022 answer text <p>Businesses in the retail, hospitality and leisure sector will receive a tax cut worth almost £1.7 billion in 2022-23. Eligible properties receive 50 per cent off their business rates bill, up to a maximum of £110,000 per business. Combined with Small Business Rates Relief, this means over 90 per cent of retail, hospitality and leisure businesses will receive at least 50 per cent off their rates bills in 2022-23.</p><p> </p><p>The Government also committed to freezing the multiplier for 2022-23, which is a tax cut worth £4.6 billion to businesses over the next 5 years.</p><p> </p><p>Announcements on Business Rates for the upcoming financial year will be made in due course.</p><p> </p><p>The Government also supports our world leading music industry through a range of export support programmes including in 2022-23 the successful Music Export Growth Scheme (MEGS) and the International Showcase Fund (ISF).</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 18/10/2022 15:00:47 answering member 4874 label Biography information for Andrew Griffith
	tabling member	4526 label Biography information for David Warburton

1588264

	registered interest
	date	22/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Charities and Parish Councils
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of the Financial Services and Markets Bill on (a) the quality of services provided by banks to parish and town councils and to local charities and (b) the ability of parish and town councils and local charities to change their bank signatories.
	tabling member constituency	Somerton and Frome
	tabling member printed	David Warburton
	uin	150574
	answer	answer is ministerial correction date of answer 27/02/2023 answer text <p>There are no specific provisions related to the provision of banking services to local councils and charities in the Financial Services and Markets Bill.</p><p> </p><p>Nevertheless, the Treasury recognises the challenges some charities and community organisations have been facing accessing and managing banking services. That’s why the previous Economic Secretary hosted a roundtable event last year, bringing together lenders and representatives from bodies representing these organisations to discuss this important issue. Lenders heard firsthand the problems many charities and community groups have experienced, and also used this opportunity to set out the products they offer, and the diverse range of factors charities and community groups need to consider in relation to banking requirements.</p><p> </p><p>Banking and finance industry group UK Finance is now working with banks and sector representatives to identify any changes banks can make to simplify processes like changing signatories on accounts, and to produce guidance aimed at helping charities and community groups access and understand banking</p><p><strong> <br> </strong></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 27/02/2023 13:40:19 answering member 4874 label Biography information for Andrew Griffith
	tabling member	4526 label Biography information for David Warburton