Financial Times calls for Land Value Tax
23 Apr 2015
Is support for Land Value Tax becoming the "new normal"? In yesterday's Financial Times leader ( "UK's weak productivity invites a bolder response") the paper comments:-
...the challenge that remains is the dysfunctional market for land. Here, artificial scarcity acts as a tax on all enterprise, and drives up the price of a home (which indirectly raises wages). It also slows down the delivery of better infrastructure. To address this, measures would be needed: land value taxation, the greenbelt policy revisited, even more compulsory purchase of land...
A radical proposal from a foremost City of London voice.