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Rates (Business Properties)

Volume 33: debated on Monday 6 December 1982

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asked the Secretary of State for the Environment what would be the cost of a 15 per cent. derating for all business properties.

The cost of providing 15 per cent. rate relief to the non-domestic sector would be approximately £940 million in 1982–83. I have written to my hon. Friend with a more detailed breakdown of the cost of providing such relief to the various categories of property within the non-domestic sector.