§ Mr. David Evans
To ask the Secretary of State for the Environment what will be the distributable amount of non-domestic rates for 1993–94; and if he will explain the basis of his calculations.
§ Mr. Redwood
My right hon. and learned Friend the Secretary of State for the Environment announced on 12 November that the non-domestic rate multiplier for 1993–94 will rise by 3.5 per cent. from its 1992–93 level to 0.416. The distributable amount of non-domestic rates based on this poundage will be £11,559 million. This includes an Exchequer payment of £922 million into the non-domestic rates pool to compensate local authorities for the shortfall in 1992–93 and 1993–94 which would otherwise occur as a result of the Non-Domestic Rating Act 1992. The basis of the calculation is set out in the table.