Business Rates and the Recession

I shall personally forward a copy of the Official Report to the Chancellor tomorrow, and I shall highlight the hon. Gentleman's contribution with my doughty yellow marker pen, which I have here. Let me mention revaluation, because the Conservative Front-Bench spokesman raised the subject. It is a major part of the rating system—and, I would argue, of the fairness in that system. That fairness comes from the regular five-yearly revaluations.