§ Mr. HeddleTo ask the Secretary of State for the Environment if he will publish in theOfficial Report, the market value of (a) all privately owned housing stock and (b) all publicly owned housing stock in England and Wales at the latest available date, indicating the amount it would be necessary to charge each householder to finance local government expenditure at current levels on the assumption that rate support grant levels remain static, should capital value taxation be introduced.
§ Mr. GummerMy right hon. Friend the former Secretary of State for the Environment placed in the Library on 19 July a table showing the capital value rate which could have applied in each local authority area in 1989–90 if introduced in conjunction with a local income tax. These are based on an assumed domestic rateable value in England of £1,200 billion.