§ Lord KENNET
asked Her Majesty's Government:
Whether they will list research done on the social effects of basing rates on capital values, especially in city centres.
§ Baroness BIRK
There are no data on capital values available at present to support such research since existing data relate to the past and may well not reflect the situation when revaluation is carried out.
When sufficient information emerges during the course of the revaluation, it is the Government's intention to study the possible effects of changes in the distribution of the rate burden. In the Green Paper on Local Government Finance (Cmnd. 6813) we have undertaken to phase in any such changes over a period of years, and even to make permanent adjustments, if necessary, in extreme cases.