Member

The noble Lord admitted that his figures date from before the package introduced by my right honourable friend the Chancellor yesterday. The package she introduced will be followed by a real-terms freeze in bills for 2027-28 and 2028-29. As a result, next year around three-quarters of pubs’ bills will fall or remain static. Wider hospitality businesses will continue to be eligible for the support package announced at the Budget, including the new lower multipliers and the transitional package, to ensure that bill increases are capped annually to enable ratepayers to move gradually to their new liability.