§ Mr. KeyTo ask the Chancellor of the Exchequer how the uniform business rate is calculated for franchised 653W cable companies; and what is the rate set for 1994–95 and for 1995–96. [19111]
§ Mr. Nelson[holding answer 25 April 1995]: Valuations of the franchised cable companies for uniform business rate purposes, in the absence of reliable rental evidence, have been based on the cost of installing the systems.
In 1994–95 the rateable value for England for franchised cable companies is estimated to be £5.5 million. For 1995–96 the equivalent figure is estimated to be £22.5 million.