Kirsty Williams, Leader of the Welsh Liberal Democrats, today urged the First Minister to support her party’s calls to scrap business rates for plant and machinery in Wales and to reduce the level of VAT that is levied on the tourism industry.
Speaking in First Minister’s Questions, Kirsty Williams highlighted the Welsh Liberal Democrat proposal to scrap business rates for plant and machinery which would benefit the economy as businesses would no longer be penalised for investing further in Wales. Currently, if a company upgrades equipment then business rates are higher.
The Liberal Democrats are the only UK party to pledge to reduce VAT from 20% to 5% for tourist accommodation and attractions. This would make Wales more attractive as a holiday destination and would create jobs in the sector. Click here to back our plans.
The First Minister repeatedly refused to endorse these pro-enterprise and pro-jobs policies.
Speaking afterwards, Kirsty Williams AM said:
“Business, enterprise and entrepreneurialism will be the foundation of the Welsh Liberal Democrat manifesto.
“Wales needs a government that is willing to take radical action to support our manufacturing industry – a vital sector for our economy.
“The Welsh Liberal Democrats are the only party to have said we will completely scrap business rates on plant and machinery. This will make Wales an attractive place to invest and help secure jobs.
“Over 128,000 people in Wales rely on the tourism industry for their employment. The Liberal Democrats would support this sector, create more jobs and continue to showcase the best of Wales.”