§ Mr. RuaneTo ask the Secretary of State for the Environment, Transport and the Regions what the business rate increase has been (a) as a percentage and (b) in real terms in each of the past 10 years. [110824]
§ Ms Beverley HughesBy law, the national non-domestic multiplier can increase each year only by the rate of inflation unless the year in question is one when non-domestic properties are revalued. In a revaluation year the multiplier is recalculated to ensure that the rate yield after revaluation is equal to that before revaluation plus inflation. However, because the national total rateable value may rise or fall at revaluation then the multiplier may rise and fall as a consequence.
713WChanges in the national non-domestic multiplier for the years 1990–91 to 2000–01 are as follows:
Year Multiplier for England (Pence) Percentage change on previous year Multiplier for Wales (Pence) Percentage change on previous year 1990–91 34.8 —1 36.8 —1 1991–92 38.6 10.9 40.8 10.9 1992–93 40.2 4.1 42.5 4.1 1993–94 41.6 3.5 44.0 3.5 1994–95 42.3 1.7 44.8 1.7 1995–962 43.2 1.9 (2.2) 39.0 -12.9 (2.2) 1996–97 44.9 3.9 40.5 3.9 1997–98 45.8 2.1 41.4 2.1 1998–99 47.4 3.6 42.9 3.6 1999–2000 48.9 3.2 44.3 3.2 2000–012 41.6 -14.9 (1.1) 41.2 -7.0 (1.1) 1 First year of national non-domestic rates therefore no comparable data. 2 Revaluation year. Note:
Figures in brackets are the annual inflation rates.