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1600606
registered interest false more like this
date less than 2023-03-01more like thismore than 2023-03-01
answering body
Department for Business and Trade more like this
answering dept id 214 more like this
answering dept short name Business and Trade more like this
answering dept sort name Business and Trade more like this
hansard heading Leisure and Service Industries: Government Assistance more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what support they are providing to (1) retail, (2) hospitality, and (3) leisure, businesses. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL6062 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-03-22more like thismore than 2023-03-22
answer text <p>The Spring Budget 2023 announced a £63m fund for public swimming pool providers to help with immediate cost pressures and make facilities more energy efficient. It has also been announced that there will be an increase in Draught Relief from 1 August to 9.2% to freeze the duty charged on a typical pint of beer in the pub and ensure this will always be lower than in the supermarket.</p><p> </p><p>The Autumn Statement 2022 announced a package of changes to business rates worth £13.6bn over the next 5 years in lower bills. This includes a freeze to the multiplier, scrapping the downward revaluation cap and extending and increasing the generosity of the Retail, Hospitality and Leisure Relief from 50% to 75% in 2023-24, up to £110,000 per business.</p><p> </p><p>This is in addition to the Energy Bills Relief Scheme, which discounts businesses’ energy bills until 31 March 2023; the new 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.</p>
answering member printed Lord Johnson of Lainston more like this
question first answered
less than 2023-03-22T15:26:14.5Zmore like thismore than 2023-03-22T15:26:14.5Z
answering member
4949
label Biography information for Lord Johnson of Lainston more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this