I can assure the hon. Lady that the directive, we firmly believe, does not apply. If she would like to meet me to discuss the issue further, I would be more than happy to do so.
My hon. Friend raises an important question. When a council’s income is impacted by a successful business rates appeal or other losses in business rates income, there is a safety net, as I am sure he will be aware. However, he will be reassured by the fact that, during the design of the new 100% business rates retention scheme, we are looking at how risks around business rates income will be managed in the future.