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Council Tax (New Valuation Lists for England) Bill

My hon. Friend the Member for St. Albans made a good point. The core theme of my speech is that a property tax must reflect market value as closely as possible. If we allow them to get out of kilter, we create increasing unfairness in the system. One unfairness affects people on fixed incomes, who tend to be fixed in their houses. If their houses become relatively more valuable than other houses, the system is unfair to them, and especially to retired people. The third highest number of people aged over 85 in the country live in the Cotswolds, and the problem therefore worries me greatly. That is one reason for keeping the matter reviewed and up to date.