Personal Care Services: Closures
The question
To ask the Secretary of State for Business and Trade, what information his Department holds on the number and proportion of (a) hairdressing and (b) beauty businesses that are considering closing in the next 12 months.
Answered by Gareth Thomas
There are no official statistics on the number of hair and beauty businesses that are considering closing down in the next 12 months. We regularly engage with the sector and review industry surveys to understand sector confidence.
The Government are protecting the smallest businesses by increasing the Employment Allowance to £10,500, meaning that 865,000 employers will pay no National Insurance Contributions at all. We are also creating a fairer business rates system and to support hair and beauty businesses through this transition, we are extending business rates relief for Retail, Hospitality and Leisure sectors for one year at 40% up to a cash cap of £110,000.
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