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Budget includes radical Lib Dem policy: Community Land Auctions

April 11, 2011 9:36 AM
By Dr Tony Vickers

As ALTER President Chris Huhne hinted two weeks earlier at ALTER's AGM, George Osborne's second Coalition Government Budget on 23rd March included a surprise policy that the Lib Dem Party Conference had approved three years earlier: a pilot scheme for Community Land Auctions, to transfer most of the unearned land value uplift that goes with award of planning permission from the landowner to the community.

See http://www.libdems.org.uk/your_community_detail.aspx?title=Liberal_Democrat_Conference_backs_plans_to_build_1.3_million_new_social_houses&pPK=703a6a40-833a-4e42-8cdc-5c874773980c

More details of how the policy should work are contained in a CentreForum pamphlet of 2007 titled "In My Back Yard" - see http://www.centreforum.org/index.php?option=com_content&view=article&id=82:in-my-back-yard-unlocking-the-planning-system&catid=38:publications&Itemid=56

ALTER gave author Dr Tim Leunig (lecturer at the Lodon School of Economics) a platform to explain how his ideas fitted with Lib Dem policy of Land Value Taxation at the time he was writing the booklet.