HL Deb 17 December 1997 vol 584 cc95-6WA
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 for which it might reasonably be expected to let on the open market. This estimate is derived from evidence of lettings in the open market.