Top of page.

Lib Dems ALTER

Navigation.
Content.
We store cookies on your device to make sure we give you the best experience on this website. I'm fine with this - Turn cookies off

IPPR: the broken land market has a key role in driving wealth inequality in the UK.

August 29, 2018 10:14 PM

A new IPPR report argues that the reform of the dysfunctional land market is essential if the UK is to be a more equal, more productive and stable economy. It is also vital to creating a better-functioning housing market that delivers the affordable and quality homes the country needs.

Land is an essential factor in all economic activity but, if it is not properly managed and regulated, it can play a destabilising role in the housing market and the wider economy. The UK's dysfunctional land market and soaring land values have helped drive growing wealth inequality, create the conditions for a broken housing market, and are a root cause of an unproductive and unstable economy. Reform of the land market must therefore be focused on reducing the financial speculation that occurs in land and sharing the benefits of increases in land values for the benefit of the public good.

The IPPR conclusion is based on five key arguments:

To tackle these issues, the report sets out proposals to: