To be very clear, this is a cap, not a freeze. I am grateful to my right hon. Friend for allowing me to make that point.
I thank the hon. Members who have participated in our debates on this Bill, both on the Floor of the House on Second Reading and in Committee. The Bill has not detained the House for any great length of time, but I am grateful for those contributions. The Bill demonstrates the Government’s commitment to provide certainty on tax rates for the duration of this Parliament, and I commend it to the House.
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