AQW 2392/22-27 Written question to the Minister of Finance

To ask the Minister of Finance whether he will consider further rates relief to help the hospitality sector following an increase energy and food costs.

Asked by Andrew Muir MLA on 29 June 2022

  • Answered
  • Written
Tabled
29 June 2022
Answer due by
18 July 2022
Answered
5 July 20226 days after tabling
Department
Department of Finance
Priority question
No

Answer

In the absence of an Executive I cannot bring forward any new rate reliefs for businesses.

The cost of living crisis and the associated increasing costs to business is a matter of concern for all Executive Departments but without an Executive, no new cross-cutting fiscal policies can be introduced nor can the £435 million of available funding be allocated. This funding may be used to help businesses within the hospitality sector with the cost of living impact.

Therefore, I hope an Executive can be reformed as quickly as possible to enable us to allocate these funds.

Official sources