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Written question asked by Kate Osamor (Labour) on Tuesday, 20 December 2022, in the House of Commons. It was due for an answer on Monday, 9 January 2023. It was answered by Kevin Hollinrake (Conservative) on Thursday, 12 January 2023 on behalf of the Department for Business, Energy and Industrial Strategy.

Business: Edmonton

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with businesses in Edmonton constituency on the potential impact of the cost of living crisis on those businesses.

Answer

The Government recognises the impact rising prices are having on businesses, including those in Edmonton and is engaging with businesses across the UK to understand these challenges and explore ways to mitigate them.

The Government has reversed the National Insurance rise, saving SMEs £4,200 on average; cut fuel duty for 12 months; raised the Employment Allowance to £5,000 and introduced the Energy Bill Relief Scheme which is shielding businesses across the country from soaring energy prices, saving some around half of their wholesale energy costs.

We have also announced £13.6 billion of support for businesses over the next five years, reducing the burden of business rates for SMEs.

Secondary information

Type
Written question
Reference
114638
Session
2022-23
Subjects
Business Cost of living Edmonton
Link
View this Written question on www.parliament.uk