Bakeries
The question
To ask the Secretary of State for Business and Trade, what steps he is taking to support British bakeries.
Answered by Gareth Thomas
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.
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