Emma McClarkin, CEO of the Welsh Beer and Pub Association, said: “We have been loud and clear that the Senedd needed to maintain the vital business rates relief, which so many pubs rely on to counter the soaring cost of business they face.

“We welcome Government heeding our warnings in this draft Budget and this relief, which amounts to £4.3 million, should bring pubs across Wales a much-needed sigh of relief and confidence to keep investing.

“It is also concerning that there is no mention of wider rates reform in the draft Budget; we continue to call for them to commit to meaningful long-term reform which will allow pubs in Wales to carry on pouring hundreds of millions of pounds into the economy and supporting tens of thousands of jobs.”