Hospitality Industry and Retail Trade: City of Durham
The question
To ask the Chancellor of the Exchequer, what fiscal steps she is taking to support small retail, hospitality and leisure businesses in City of Durham constituency.
Answered by Dan Tomlinson
Businesses in our retail, hospitality and leisure sectors are foundational to our economy and our high streets, and we are supporting them to succeed.
From 2026-27, we will introduce a permanently lower business rates multiplier for retail, hospitality and leisure properties with rateable values under £500,000.
We have increased the Employment Allowance to £10,500, pledged to cut business admin costs by 25% during this parliament, and introduced tougher retail crime measures, including a new offence for assaulting retail workers and ending immunity for shop theft under £200.
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