Proceeding contribution from Caroline Spelman (Conservative) in the House of Commons on Monday, 29 March 2010. It occurred during Budget debate on Budget Resolutions and Economic Situation.
Budget Resolutions and Economic Situation
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.
Secondary information
- Type
- Proceeding contribution
- Reference
- 508 c534
- Session
- 2009-10
- Chamber / Committee
- House of Commons chamber
- Subjects
- Debts Council tax Budgets Cider Economic situation Economic growth Local government finance National insurance contributions Public sector debt Small businesses Taxation Economic recession Gold and foreign exchange reserves Budget March 2010
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-21 20:48:53 +0100
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