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Amendment of the Law

Part of the debate – in the House of Commons at 4:47 pm on 29th March 2010.

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Photo of Caroline Spelman Caroline Spelman Shadow Secretary of State for Communities and Local Government 4:47 pm, 29th March 2010

The rating revaluation was based on commercial property prices in April 2008-pre-credit crunch. How can the Secretary of State possibly claim that its basis is fair or realistic in the difficult environment that we face today? Revaluations are designed to be tax-neutral, but our experience of the Government's implementing a rating revaluation in Wales was that it was not tax-neutral. I therefore stand by the reasons why we would oppose such a flawed revaluation.

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