United Kingdom · Question · Written question
UIN 190868
Retail Trade: Interest Rates
Original
Introduced
22 June 2023
Last action
29 June 2023 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
29 June 2023
Summary
To ask the Secretary of State for Business and Trade, if she will make an assessment of the potential impact of the increase of the Bank of England base rate to five per cent on high street businesses.
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Timeline
22 June 2023
Written question
To ask the Secretary of State for Business and Trade, if she will make an assessment of the potential impact of the increase of the Bank of England base rate to five per cent on high street businesses.
Source: Commons
29 June 2023
Answer
Government recognises the pressures faced by businesses because of increased rates, which is why the Autumn Statement 2022 announced a package of changes to business rates worth £13.6bn over the next 5 years in lower bills. This includes a freeze to the m...
Source: Written answer
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- · Department for Business and Trade · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2023-06-22/190868
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1646783
- uk · wq-1646783 · source updated 29 June 2023