§ Mr. WoodTo ask the Chancellor of the Exchequer what incentives the Treasury offers to British businesses which(a) sell, (b) stock and (c) use fair trade products. [189496]
§ John HealeyThe Government are committed to supporting ethical trading wherever possible and through the Department for International Development it provides significant support to the Fairtrade Foundation's efforts in promoting the supply and marketing of Fairtrade products.
Since 1997 the Government have also introduced a range of tax incentives to benefit business, including cuts in the rates of corporation tax, measures to simplify the administrative burden of VAT and permanent enhanced first year capital allowances for small and medium-sized enterprises.