Context
Love Beer Brewery in Milton faces viability issues due to tax freeze and increased beer duty, with monthly costs between £1,500 and £2,000.
Question
Love Beer Brewery in Milton supplies fantastic ale but its viability is threatened by the freeze of income tax thresholds and increase in beer duty. Its owner has a day job to survive. Will the Minister say more about what else the Government can do to support small businesses like Love Beer?
Answer from Chris Bryant (Minister of State, Department for Business and Trade)
We are introducing legislation later this year that will tackle late payments, which is the most important piece of legislation in the UK in this field for 25 years. This will make a dramatic difference by ensuring businesses have access to capital.
Not addressed: Did not address specific support measures for small breweries facing financial challenges from increased taxes.
Was this summary accurate? Tell us
How accurate was this summary? (1 = poor, 5 = spot on)