Local Government Finance (Kingston upon Thames)

Does the Minister agree that there are people throughout London living in housing that is far more valuable than the housing in Kingston, yet paying far lower council taxes, because the formula has fundamentally gone wrong? There are many areas in the city where people who live in houses worth £1 million, £1.5 million or £2 million pay a fraction of the council tax that is carried by people who live in south-west London. That alone should raise a flag that tells the Minister that the formulae are not working. As she knows, those formulae provide only very general frameworks, but they do not deal with the situation that we face.