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Lord Livermore (Lab)

Speaking in the House of Lords on 20 May 2026

Debate

Supermarkets: Voluntary Price Caps

Contribution

I am not in a position to stand here and suggest a 50% business rates reduction for any business, but my noble friend is absolutely right on the importance of taking action across the board to help reduce the cost of living. As I say, we have frozen rail fares, frozen prescription fees and taken £150 off energy bills—these are the driving factors behind today’s bigger than expected fall in inflation.

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