“There are a few measures in this statement that are welcome news, a 75% continued discount for retail, leisure and hospitality will benefit our high streets and city centres. It will help business to create their budgets for the new year. A freeze on alcohol duty is good news for hospitality.

But a great deal of uncertainty remains. In March, the energy scheme for business ends, meaning that there is no support for increasing bills in the next financial year. This is one of the biggest challenges facing small and independent businesses, cultural institutions and property owners up and down our high streets as energy costs and utilities are rising faster and steeper. We have to work to make it affordable to keep your doors open, to maintain vibrant city centres that service a mixed use economy.

We need more certainty and support that comes from an understanding of the challenge businesses in our great cities are facing, that helps them to face the future with confidence and feel that they can thrive, not just struggle to survive.”

Bill Addy, Chief Executive of Liverpool BID Company