§ Mr. Arthur Lewisasked the Secretary of State for the Environment to what extent money has been spent to date on the re-rating of property, and the dropping of the investigations which were in process; and what he estimates will be the total loss or savings to public funds on the review of rating.
§ Mr. KingThe general rating revaluation that was in preparation for England and Wales for 1982 has cost some £3.5 million to date. Final costs could rise to up to £5 million depending upon how quickly the additional posts in the valuation office can be saved. Total cost of the revaluation was to have been around £10 million above the normal running cost of the valuation office, so the net savings are £5 million or more.