Written question asked by Freddie van Mierlo (Liberal Democrat) on Thursday, 3 April 2025, in the House of Commons. It was due for an answer on Tuesday, 8 April 2025 (named day). It was answered by Gareth Thomas (Labour) on Tuesday, 8 April 2025 on behalf of the Department for Business and Trade.
Bakeries
- Question
-
To ask the Secretary of State for Business and Trade, what steps he is taking to support British bakeries.
- Answer
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We intend to introduce permanently lower tax rates for retail, hospitality, and leisure properties from 2026 - 27. Ahead of these changes being made, we have extended retail, hospitality, and leisure relief for one year at 40 per cent up to a cash cap of £110,000 per business and frozen the small business multiplier.
The Government will protect the smallest businesses by increasing the Employment Allowance to £10,500. This means that 865,000 employers will pay no National Insurance Contributions at all. We are also working with businesses to understand their barriers to growth and High Streets will be a key pillar of our forthcoming Small Business Strategy.
Secondary information
- Type
- Written question
- Reference
- 44075
- Session
- 2024-26
- Transferred
- Yes
- Subjects
- Government assistance Bakeries
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-09-05 18:45:45 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/44075
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/44075
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/44075