HC Deb 27 July 1977 vol 936 cc347-8W
Mr. Gwynfor Evans

asked the Secretary of State for Wales what would be the total loss to Welsh local authorities if the basis of rate assessments were changed from rental to capital valuation.

Mr. John Morris

It is not possible to provide meaningful estimates. The available sample data about capital valuations relates to the past, and the relationship between capital values and present rateable values could change significantly in the period before capital revaluation takes effect. The Government intend to provide for transitional and if necessary permanent arrangements to mitigate the effects of the change.