Chuka Umunna – 2014 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by Chuka Umunna on 2014-04-03.

To ask the Secretary of State for Communities and Local Government, what assessment he has made of the extent to which firms in each region will be economically disadvantaged as a result of the Government’s decision to delay the revaluation of business rates; and if he will publish a list of firms likely to be so disadvantaged.

Brandon Lewis

The Valuation Office Agency published their high level estimates of the impacts of a revaluation in 2015 on 12 November 2012. Their analysis suggests that around 800,000 premises would have seen a real terms increase in their rates at a 2015 revaluation compared with around 300,000 seeing a decrease. A copy of that analysis, including which sectors would have been hardest hit by a 2015 revaluation, is available in the Library of the House.