VOA backs current revaluation cycle

In a paper published on the 12th of December the VOA appears to have come out in favour of maintaining five year revaluation cycles.

In our view, they are missing a point – duration is as important as volatility to vulnerable sectors of the market. Prolonging the distress of many in the retail sector by postponing the Revaluation to 2017 in order to benefit those already paying too little relatively is unacceptable.