Context
The hospitality sector faces significant business failure risks due to high tax burdens.
Question
What steps are being taken to support the hospitality sector? The sector is at risk of substantial business failures in 12 months due to heavy taxes just to survive, not succeed. Will the Minister review VAT and corporation tax issues before a catastrophe occurs?
Answer from Kate Dearden
We inherited an economy from the Conservatives with deep scars, and hospitality thrives when our economy grows. The Government supports businesses closely through measures like lower business rates and a £4.3 billion support package over three years. All taxes are under review for wider objectives.
Not addressed: VAT and corporation tax issues were not directly addressed
How: We Inherited An Economy With Deep Scars, All Taxes Are Under Review
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