HC Deb 29 March 1956 vol 550 c243W
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.