Written Question·Treasury·UIN 55028
Manufacturing Industries: Tax Allowances
Tabled: 30 May 2025
Answered: 9 June 2025
Question
Steve Darling
Liberal Democrat — Torbay
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
James MurraySmall 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...
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