Night-time Economy: Edmonton and Winchmore Hill
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking to support the night-time economy in Edmonton and Winchmore Hill constituency.
Answered by Kate Dearden
The Government recognises the significant pressures facing the night-time economy, including those in Edmonton and Winchmore Hill, and the Government is providing support through various measures to help ease these pressures.
We’ve introduced permanently lower tax rates for retail, hospitality and leisure properties with a ratable value under £500,000, worth nearly £900 million annually, benefitting over 750,000 properties. The new relief rates are permanent, giving businesses certainty and stability, and there will be no cap so all qualifying properties will benefit.
The Chancellor announced a new National Licensing Policy Framework as part of her budget. This sets out a vision for a proportionate licensing system that supports good businesses while continuing to tackle bad operators.
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