- Economic Update
- The following is an extract from the statement by the Chancellor of the Exchequer on 17 March 2020.
- I warmly welcome the enormous package of measures outlined by the Chancellor. This morning, I spoke to Energy Generator Hire in Kimble Wick in my constituency, which has lost most of its order book and is uncertain about the future. Can he confirm whether event hire companies are included in the envelope of leisure and hospitality?
- Those that have business properties will be eligible both for the relief and the grant, which will cover a significant number of events companies that have premises. Obviously, if they do not have premises, they will not qualify for business rates relief, but should be eligible for some of the other measures that I have outlined today.[Official Report, 17 March 2020, Vol. 673, c. 964.]Letter of correction from the Chancellor of the Exchequer, the right hon. Member for Richmond (Yorks) (Rishi Sunak):An error has been identified in the answer I gave to my hon. Friend the Member for Buckingham (Greg Smith).The correct answer should have been:
- Those that occupy certain business properties, as described in forthcoming guidance, will be eligible both for the relief and the grant, which will cover a significant number of events companies that have premises. Obviously, if they do not have premises, they will not qualify for business rates relief, but should be eligible for some of the other measures that I have outlined today.