1 thought on “Autumn Statement: splashing central government money around is not ‘devolution’”

  1. Posted 27/11/2015 at 20:18 | Permalink

    “This means that 99.8% of the price of land is currently explained by a slip of paper which says ‘planning permit’. That slip of paper so expensive because we are hardly printing any of them, so the solution is to print more of them.

    “Now imagine local authorities had to finance all of their expenditure from their own tax revenue, and imagine a large chunk of that revenue came from, say, a local Land Value Tax (LVT). They would then have a strong incentive to grant planning permission more liberally, because this would be an easy way to broaden their tax base”

    That would be a very good start indeed. Well said!

Comments are closed.