§ Lord Marlesford
asked Her Majesty's Government:
Whether it accords with government policy to make better use of energy by insulation for the district valuer and valuation officers of the Inland Revenue to increase the rateable value of small business workshops purely because they have been insulated.
§ Lord McIntosh of Haringey
The rateable value of a property is, broadly, an estimate of the amount for96WA which it might reasonably be expected to let on the open market. This estimate is derived from evidence of lettings in the open market.