Polegate’s MP has raised concerns put to her by small businesses with the newly appointed Chancellor of the Exchequer Philip Hammond, during Treasury Questions in the Commons Chamber.
This most recent move, which builds upon the MP’s continued commitment to small businesses, follows on from a visit to Cost-cutter in Seaford, the franchise for which is owned locally.
Maria Caulfield first asked the new Chancellor what fiscal steps he was taking to support businesses. Responding, the Chancellor stated that the Government was committed to a competitive, corporate tax system, and as such were cutting corporation tax to 17%, the lowest in the G20, whilst reducing the business rates burden by £6.7 billion.
Moving onto her supplementary, Maria then looked to highlight that some small businesses within her constituency were continuing to struggle, using the Cost-cutter in Seaford – which employs 4 people, however is deemed too large to benefit from the small business rates relief – as an example.
The Alfriston MP therefore highlighted the case for re-introducing the retail scheme, which had assisted such businesses previously. In response, the Chancellor said that as it was a temporary measure, the Retail Scheme couldn’t be re-introduced, however, many businesses would benefit from the permanent scheme to reduce the burden of business rates.
Speaking after the session Maria said, “Small businesses are vital to our economy and the Government recognises this in a number of ways.
“Individually I have always sought to lessen any burden on small businesses, and as such, I will continue to push for tax relief for them.”