Manufacturing Industries: Tax Allowances
Commons · Question 55028 · Tabled 30 May 2025 · Treasury · Official record
Answered 9 Jun 2025
Question
Asked by Steve Darling
To ask the Chancellor of the Exchequer, whether the Government plans to expand (a) financial support and (b) tax relief for small and medium-sized manufacturing firms.
Answer
Answered by James Murray, 9 Jun 2025
Small businesses are vital to high streets, local communities, and economic growth. At Autumn Budget 2024, the Government recognised this by:More than doubling the Employment Allowance to £10,500;Maintaining the Small Profits Rate and marginal relief at t...