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Local Government Finance

As I am the Chair of a Select Committee and not a Minister, I can say what I feel on this matter. If we continue to have a property tax—I believe that we should—we need to revalue relatively frequently; otherwise, it becomes distorted. Then, as the hon. Gentleman says, if we make the changes, those who gain will gain a great deal and those who lose will lose a great deal. I am personally in favour of such revaluation.