Retail Trade: Finance
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of changes in the Autumn Budget on the retail sector.
Answered by Gareth Thomas
The Chancellor has been clear that the government must take difficult choices. This was a budget to fix the foundations of the economy, and these tough decisions are intended to provide a platform for growth.
Government is focused on its five-point plan to breathe life back into Britain's high streets. We understand how important the high street is to our businesses which is why our plans include tackling retail crime, ensuring a level playing field between online and high street businesses, stamping out late payments and ending the blight of empty spaces. The government is creating a fairer business rate system and transforming the apprenticeship levy to support business and boost opportunities.
Through the Retail Sector Council, we are addressing strategic issues for the sector related to high street regeneration, skills and sustainability. This work will be supported by the publication of The Small Business Strategy Command Paper next year.
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