Pubs in Milton Keynes are vital for supporting our local economy and communities, and the Government is committed to supporting pubs across the country. I have been proud to support Long Live the Local’s campaign throughout my time as an MP. In 2021, I launched my first Pub Of The year competition, and the inaugural winner was The Nags Head pub in Great Linford. I also support the Campaign for Real Ale (CAMRA).
Regarding Government support for pubs, through the Energy Bill Relief Scheme (EBRS), the Government sets a Supported Wholesale Price for all non-domestic/business customers whose current gas and electricity prices have been significantly inflated in light of global energy prices. This is equivalent to the Energy Price Guarantee put in place for households.
In April 2023, the EBRS will be replaced by the Energy Bill Discount Scheme (EBDS), will run until March 2024. Eligible businesses and other non-domestic customers will receive a per-unit discount to energy bills during the 12-month period from April 2023 to March 2024.
The Government's long-term strategy for the hospitality sector includes an extension to pavement licences, making it easier and cheaper for pubs, restaurants and cafes to make outdoor dining a reality. This will be implemented through the Levelling Up and Regeneration Bill, a Bill which I am proud to support.
Moreover, small businesses will be shielded from most tax rises and will be protected from increases through the Small Profits Rate and Employment Allowance. This means only the largest 10% of companies will pay the top rate of Corporation Tax and 40% of all businesses will be unaffected by the freeze in National Insurance thresholds. Finally, there is also a £13.6 billion package of support.
Finally, to protect businesses from rising inflation. the multiplier will be frozen in 2023-24 while relief for 230,000 businesses in retail, hospitality and leisure sectors was also increased from 50% to 75% this year.
I want to assure you that I will continue to advocate on behalf of pubs in Milton Keynes North, and continue to raise their concerns with my ministerial colleagues.