Updating the values

There will be two major effects that would impact on the valuations: (i) inflation and (ii) growth in income/GDP per capita. The monetary figures associated with the values will need to be updated at regular intervals (approximately every three to four years) to ensure they remain in line.

We may also re-run the models when large amounts of new data become available (such as future waves of the Understanding Society dataset) and this could affect the values.


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