Part of 1. 1. Questions to the Cabinet Secretary for Finance and Local Government – in the Senedd at 1:42 pm on 21 September 2016.
Well, the Member will have to wait until 30 September, like everybody else, to see what the VOA’s revaluation of non-domestic rates will actually say rather than what people speculate on what it might say. Members here will be aware that what revaluation does is not to increase at all the amount of money taken from businesses, but it simply makes sure that the distribution of those rates reflects the most recent set of economic circumstances. We will see what the VOA has to say on 30 September.