§ 66. Mr. Sparks
asked the Minister of Housing and Local Government the amount paid to local authorities in equalisation grants in the nearest convenient year; and what estimate he has made of the total amount by which these grants would have been reduced if industries which now enjoy derating were fully rated.
§ Mr. Powell
The estimated amount payable for 1955–56 is £73,240,202; if industry had been fully rated, the amount would have been reduced by about £9 million. Re-rating of industry would, however, almost certainly involve the reconsideration of the Exchequer grants in general.