Retail Trade: North East Somerset and Hanham
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking to help support independent retailers in North East Somerset and Hanham constituency.
Answered by Kate Dearden
We’re creating a fairer business rates system that protects the high street and supports investment, including permanently lower rates for retail, hospitality and leisure properties under £500,000 rateable value. The government has protected the smallest businesses from the impact of the increase to employer National Insurance by increasing the Employment Allowance from £5,000 to £10,500, which means that 865,000 employers will pay no employer NICs at all this year.
Our recently announced Small Business Strategy aims to tackle late payments, boost access to finance, and remove red tape to enable small businesses, including independent retailers, grow and thrive.
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