§ Mr. Austin MitchellTo ask the Secretary of State for the Environment what is his estimate of the value of the housing stock in England; and what effect a reduction in that figure to £1,200 billion would have on the council tax revenue yield overall and from households in each band.
§ Mr. KeyI refer the hon. Member to the answer that I gave him on 10 May at column622.
The illustrative council tax bills published on 23 April were based on a yield of £6.8 billion. This would not have been different if the assumed value of the housing stock had been lower.