L

Lord Thurlow (CB)

Speaking in the House of Lords on 27 February 2025

Debate

Non-Domestic Rating (Multipliers and Private Schools) Bill

Contribution

Before the Minister sits down, could I point out that these forecasts are all going to be hypothetical? In five months’ time, the VOA will produce, or have access to, the updated new rateable values nationwide. Current rateable values will be history. Therefore, we have to anticipate what those might be. The balancing act between the larger properties subsidising the smaller RHL properties will then be reworked, but we cannot do it at the moment, which is one of the reasons why we feel that time is required for delays to the impact assessment process to take us one further year ahead.

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