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Nursing a rating headache

By: Series: Estates Gazette ; (9938) 25 September 1999, 179(1)Publication details: 1999Subject(s): Summary: Due to historic factors the rating revaluation and capital charges revaluation due in 2000 will penalise the NHS. The problem arises from the contractorsα method (see article for explanation) With a typical rise in the construction price tender index since the last revaluation of 30% and an expected fall in the rate poundage of 15%, hospital trusts can expect an increase in rates payable from 1 April 2000 of 15%.

Due to historic factors the rating revaluation and capital charges revaluation due in 2000 will penalise the NHS. The problem arises from the contractorsα method (see article for explanation) With a typical rise in the construction price tender index since the last revaluation of 30% and an expected fall in the rate poundage of 15%, hospital trusts can expect an increase in rates payable from 1 April 2000 of 15%.