{"id":196104,"date":"2023-11-20T16:29:17","date_gmt":"2023-11-20T16:29:17","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196104"},"modified":"2023-11-20T16:29:17","modified_gmt":"2023-11-20T16:29:17","slug":"40-tory-mps-write-to-chancellor-demanding-tax-cut-boost-for-shops-and-pubs","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/politics\/40-tory-mps-write-to-chancellor-demanding-tax-cut-boost-for-shops-and-pubs\/","title":{"rendered":"40 Tory MPs write to Chancellor demanding tax cut boost for shops and pubs"},"content":{"rendered":"

Jeremy Hunt tells Trevor Phillips ‘there is so much defeatism’<\/h3>\n

40 Conservative MPs have written to Jeremy Hunt demanding an extension of tax relief for high street businesses.<\/p>\n

The letter comes ahead of Wednesday\u2019s Autumn Statement, which is now expected to deliver tax cuts after the Prime Minister delivered a speech this morning promising them.<\/p>\n

Stockton MP Matt Vickers, chair of the all-party parliamentary group for retail, leads the charge, asking the Chancellor to extend the 75 percent business rates relief for leisure, hospitality and retail businesses.<\/p>\n

The relief was originally brought forward by the Chancellor in November 2022, and is set to end next April.<\/p>\n

The letter, signed by senior conservatives including Sir Simon Clarke, Alicia Kearns and Will Wragg – as well as former ministers Simon Baynes, Dehenna Davison and Stephen McPartland – warns the Government that failing to extend the relief could have a \u201chuge and irreversible impact\u201d on high street businesses.<\/p>\n

READ MORE: <\/strong> Rishi Sunak confirms tax cuts are coming in Autumn Statement<\/strong><\/p>\n

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Mr Vickers\u2019 letter commends the impact of the Government\u2019s rate relief since it was brought in, saying it has helped those in retail, leisure and hospitality \u201cto meet the challenges and pressures they faced\u201d.<\/p>\n

\u201cIt has proven to be a lifeline to many small shops, restraints and community pubs across the country\u201d.<\/p>\n

However, they warn the industry has continued to face a \u201csustained period of pressure\u201d, citing high energy bills, rising wage costs, and the challenging recruitment environment.<\/p>\n

\u201cMany of these businesses are at the heart of our towns and villages, providing a huge number of jobs and often a place which brings our communities together.<\/p>\n

\u201cBy extending the 75 percent relief for retail, leisure and hospitality businesses for a further year we can both protect and help many businesses to flourish in the years ahead.\u201d<\/p>\n

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