The next revaluation should have been in 1982 but was again postponed until 1990. This revaluation was purely for commercial property as domestic rating had been abolished. Since then there has been a five yearly cycle of commercial revaluations, however, on 18 October 2012 the government introduced a new Growth and Structure Bill into the House of Commons which included measures to postpone the next business rates revaluation in England from 2015 to 2017. In the Spring Statement 2018 the Chancellor Philip Hammond announced a move to more frequent revaluations, which would now be held every three years, starting from the next revaluation in 2021.