Business: South Cotswolds
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the Autumn Budget 2024 on businesses in South Cotswolds constituency.
Answered by James Murray
Consistent with past fiscal events, HMT has not produced a constituency-level breakdown of the impact of Autumn Budget 2024 (AB24).
At AB24, the government set out the first major steps in its approach to regional growth, and confirmed an extension of the UK Shared Prosperity Fund, providing £900m to local authorities to invest in local growth.
The government also committed to continuing funding for key business support programmes in 2025-26, including Growth Hubs in England. The Gloucestershire Growth Hub is open to all businesses in South Cotswolds, providing free expert advice and signposting to various government support.
At Budget, the government announced that from 2026-27, it will permanently lower tax rates for high street retail, hospitality, and leisure (RHL) properties, with rateable values below £500,000.
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