The Finance Bill includes a range of measures that will support our businesses and drive up growth across the country.
From making expensing permanent and increasing capital allowances for plant and machinery to simplifying tax codes and supporting research and development, this Bill should be welcomed by small businesses across the country.
Previous tax cuts for the creative industry spurred on extraordinary growth in the sector, creating thousands of jobs and attracting millions of pounds of investment. This highlights the benefits of reducing the tax burden, so I hope the Government might listen to my calls to reduce VAT for the tourism and hospitality sector.