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14/03/2023
Chancellor Urged To Support Jobs And Businesses In Budget
Chancellor Jeremy Hunt must bring forward clear proposals and money to protect jobs and support local businesses in his Budget to be announced on Wednesday.
Urging the Chancellor to support workers, families and businesses, Sinn Féin's finance spokesperson Colm Gildernew said: "The British Chancellor must bring forward clear proposals and money to protect jobs and support local businesses who are struggling with increased overheads and costs.
"The VAT rate for hotels and tourism businesses should be cut to 12.5% to cut costs for businesses, but also bring tourism VAT rates into line with the rest of the island.
"A scheme to cut sky-high energy bills should also be introduced for businesses, especially those who rely on high energy usage while running their business.
"Likewise, the cut to fuel duty that is helping to keep travel costs down for workers and families must continue. People simply cannot afford any more hikes to fuel prices."
Urging the Chancellor to support workers, families and businesses, Sinn Féin's finance spokesperson Colm Gildernew said: "The British Chancellor must bring forward clear proposals and money to protect jobs and support local businesses who are struggling with increased overheads and costs.
"The VAT rate for hotels and tourism businesses should be cut to 12.5% to cut costs for businesses, but also bring tourism VAT rates into line with the rest of the island.
"A scheme to cut sky-high energy bills should also be introduced for businesses, especially those who rely on high energy usage while running their business.
"Likewise, the cut to fuel duty that is helping to keep travel costs down for workers and families must continue. People simply cannot afford any more hikes to fuel prices."
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