The majority of business rate bills – one million in total – will fall next year as a result of revaluation, the Government has confirmed. Ministers claimed this week that the Government would not collect a penny more of extra revenue as a result of the 2010 revaluation. The final arrangements for calculating new business rates bills revealed 60% business properties would see falls in their rate bills next year. Local government minister, Barbara Follett, said: ‘Revaluation makes sure each business pays its fair contribution and no more – it will not raise a single extra penny for the Government. ‘As a result of revaluation, one million business properties will see an overall reduction in their rate bills next year, with some of the largest decreases in sectors such as industry and manufacturing