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Written Question
Non-domestic Rates
Tuesday 7th March 2017

Asked by: Lord Oakeshott of Seagrove Bay (Non-affiliated - Life peer)

Question to the HM Treasury:

To ask Her Majesty’s Government what is their estimate of (1) the total rateable value (a) before, and (b) after, the current business rate revaluation as at 1 April 2015, and (2) the percentage change as a result of the revaluation, of (i) office property, (ii) shop property, (iii) industrial and warehouse property, (iv) public house and restaurant property, (v) hotels, (vi) car showrooms, and (vii) supermarkets, for each standard region of England, and for the nations of England and Wales.

Answered by Baroness Neville-Rolfe - Shadow Minister (Treasury)

1 April 2015 is the point in time at which the rateable values are set, known as the antecedent valuation date. The new rating lists come into effect following revaluation after 1 April 2017.

Official statistics were published on 6 October 2016 on the change in rateable values between the 2010 and 2017 rating lists following revaluation[1]. These includes the change in percentage terms of the total rateable value for England, Wales and each region of England (Table RV1.1) and by broad business sector (tables 1.1 to 1.4).

Further information has also been published, consistent with the official statistics, providing the change in rateable value by business category and by region.[2].

[1] https://www.gov.uk/government/statistics/non-domestic-rating-change-in-rateable-value-of-rating-lists-england-and-wales-2017-revaluation

[2] https://www.gov.uk/government/publications/non-domestic-rating-2010-and-2017-revaluation-rateable-values-by-country-region-and-scat-code

Written Question
Non-domestic Rates
Tuesday 7th March 2017

Asked by: Lord Oakeshott of Seagrove Bay (Non-affiliated - Life peer)

Question to the HM Treasury:

To ask Her Majesty’s Government what is their estimate of (1) the total rateable value of commercial property (a) before, and (b) after, the current revaluation as at 1 April 2015, and (2) the percentage change as a result of the revaluation, in (i) each local authority area, (ii) each parliamentary constituency, and (iii) each standard region in England and Wales.

Answered by Baroness Neville-Rolfe - Shadow Minister (Treasury)

1 April 2015 is the point in time at which the rateable values are set, known as the antecedent valuation date. The new rating lists come into effect following revaluation after 1 April 2017.

Official statistics were published on 6 October 2016 on the change in rateable values between the 2010 and 2017 rating lists following revaluation [1]. These include the change in percentage terms of the total rateable value for England, Wales and each region of England (Table RV1.1) and for local authorities (Table 1.0).

Valuation Office Agency data is not held in a way that easily allows data to be shown by parliamentary constituency.

[1] https://www.gov.uk/government/statistics/non-domestic-rating-change-in-rateable-value-of-rating-lists-england-and-wales-2017-revaluation

Speech in Lords Chamber - Tue 18 Dec 2012
Banks: Money-laundering

"My Lords, on that topic, I wonder whether the noble Lord and other noble Lords bank with HSBC. I have done so for the past 30 years. Last week I was rather surprised to be asked by bank staff to show them my passport and a utility bill. I am …..."
Lord Oakeshott of Seagrove Bay - View Speech

View all Lord Oakeshott of Seagrove Bay (Non-affiliated - Life peer) contributions to the debate on: Banks: Money-laundering
Speech in Lords Chamber - Mon 15 Oct 2012
Financial Services Bill

"My Lords, I, too, am delighted to support the amendment moved by my noble friend Lady Wheatcroft. With her characteristic delicacy and discretion, she did not mention the name of the auditors in question—but I will. I believe that Deloitte has very serious questions still to answer about its audit …..."
Lord Oakeshott of Seagrove Bay - View Speech

View all Lord Oakeshott of Seagrove Bay (Non-affiliated - Life peer) contributions to the debate on: Financial Services Bill
Speech in Lords Chamber - Mon 15 Oct 2012
Financial Services Bill

"It sounds as though the Minister is encouraging the regulator to ask the auditors more questions. If we have complacent auditors, surely it is even more important that they sign something, that their complacency is questioned and that they take more responsibility for their work...."
Lord Oakeshott of Seagrove Bay - View Speech

View all Lord Oakeshott of Seagrove Bay (Non-affiliated - Life peer) contributions to the debate on: Financial Services Bill
Speech in Lords Chamber - Thu 11 Aug 2011
Global Economy

"My Lords, I thank my noble friend Lord McNally for that and for this invitation back to the Front Bench for one day only.

I declare my interest as a pension fund manager for the past 35 years and an active investor in British shares and property. The noble Lord, …..."
Lord Oakeshott of Seagrove Bay - View Speech

View all Lord Oakeshott of Seagrove Bay (Non-affiliated - Life peer) contributions to the debate on: Global Economy
Speech in Lords Chamber - Thu 24 Mar 2011
Economy: Government Policies

"My Lords, I welcome my noble friend Lord Hussain, who is sadly not in his seat at this moment. I found his speech fascinating and moving. I also congratulate the noble Baroness, Lady Stedman-Scott. I think that she is the big society in person.

I thank the noble Lord, Lord …..."
Lord Oakeshott of Seagrove Bay - View Speech

View all Lord Oakeshott of Seagrove Bay (Non-affiliated - Life peer) contributions to the debate on: Economy: Government Policies
Speech in Lords Chamber - Wed 16 Feb 2011
Egypt: Mubarak Family Assets

"My Lords, with the permission of the House and at the request of my noble friend Lady Williams, who is attending a funeral, I beg leave to ask the Question standing in her name on the Order Paper...."
Lord Oakeshott of Seagrove Bay - View Speech

View all Lord Oakeshott of Seagrove Bay (Non-affiliated - Life peer) contributions to the debate on: Egypt: Mubarak Family Assets
Speech in Lords Chamber - Wed 16 Feb 2011
Egypt: Mubarak Family Assets

"My Lords, I accept the point about individual cases, but will the Minister say how long he would expect SOCA normally to take to assess and approve a request of this kind? In particular, will the firm and prompt action that the Foreign Secretary has promised in this case be …..."
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View all Lord Oakeshott of Seagrove Bay (Non-affiliated - Life peer) contributions to the debate on: Egypt: Mubarak Family Assets
Speech in Lords Chamber - Tue 01 Feb 2011
Banking: Royal Bank of Scotland

"My Lords, can I encourage the Minister to use the full resources of the Treasury to try to find a way of untying his hands? I cannot believe that there is not a way around this. Is the Minister aware that Sir Philip Hampton, the chairman of RBS, a year …..."
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View all Lord Oakeshott of Seagrove Bay (Non-affiliated - Life peer) contributions to the debate on: Banking: Royal Bank of Scotland