There is no such intention in England. The commitment was to ensure a revaluation based on the current yield, with no increase in yield. In Wales, a number of changes were made: an additional band was added, which must had some impact on that process. It was therefore a very different scenario, and we should not assume that because there was an increase in Wales, there would be a similar increase in England. If the hon. Gentleman examines the figures, he will see the difference. As I said, the estimates produced by both the Halifax and the RICS show that a larger number of households are likely to gain from revaluation than to lose. I do not remember the precise figures, but about 33 per cent. of households in Wales lost and only about 8 per cent. gained. That is a very different scenario from the one that we envisage for England.
Council Tax (New Valuation Lists for England) Bill
Proceeding contribution from
Nick Raynsford
(Labour)
in the House of Commons on Monday, 7 November 2005.
It occurred during Debate on bills on Council Tax (New Valuation Lists for England) Bill.
Type
Proceeding contribution
Reference
439 c53 
Session
2005-06
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2024-04-21 20:53:52 +0100
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