The Government will stand by their commitment not to revalue during the lifetime of this Parliament. With the forthcoming three-year settlement for local government concluding in 2010-11, they would not expect to consider revaluation before that date. Even at this point there would need to be clear benefits given the costs to households that could be involved.
Nor do the Government believe that there is sufficient justification at this stage for committing to a regular cycle of revaluation for council tax. It is preferable to maintain the advantage of flexibility in judging the case for any revaluation in the light of all the circumstances.