Member

The noble Baroness, Lady Neville-Rolfe, also asked about hotels and the review of hotel methodology. Hotel valuations are undertaken in a different way to some other sectors. The methodology used is well established but, as with pubs, specific concerns have been raised by stakeholders, and it is right to review this to ensure it accurately reflects the market for these sectors. I am not going to prejudge the outcome of that review now. She asked which Budget it is. Yes, it is the 2026 Budget, but as I say, I am not going to prejudge that review or the next fiscal event. As I said, I will write to her with the specific data, if it is available, but for now, I commend these regulations to the Committee.