Non-Domestic Rating (Chargeable Amounts) (England) Regulations 2009

I did not want to interrupt the Minister when he touched on this point, as he was on a roll at the time and fired up by the subject. In my remarks I mentioned the figure of £20.8 billion, which I believe is the amount expected to be received from all these business rates. In response to a Written Question, the Government said that they expect to distribute £21.5 billion back to local authorities by way of the formula grant. I raised the point that there is a £700 million deficit between the two. I think the Minister tried to touch on that, but I did not get it. How is this going to be funded? How will not doing an assessment on the effects of these rate revaluations affect businesses? Will they be able to pay? How many businesses are going to go bust between October last year and next April? That will reduce the £20.8 billion expected, thus increasing the £700 million black hole. Will the Minister respond to that?