The chancellor should change the way the uplift in land values from infrastructure investment is captured to help boost investment by £180bn over the next 20 years and to make the economy work for everyone
Writing for Prospect, Centre for Progressive Capitalism director Thomas Aubrey argues that the answer to Britain's housing crisis lies in land value capture, something that Winston Churchill wrote about
For people’s basic needs to be provided in an era of globalisation, wages need to be rising at faster rates than housing costs. But Britain has continually failed to address its dysfunctional housing market and build sufficient homes
The chancellor’s decision to devolve the full revenues from business rates to local areas is a radical step forward for England’s regions. But for local leaders to increase investment in infrastructure, they need to be able to set rates locally and borrow against these revenues.
Compared to European counterparts, Britain’s housing market is a picture of market failure Across the European Union there is often a perception that Britain takes a more market-oriented approach, and where Britain leads continental Europe eventually follows. However, when it comes to housing, this is not the case. Britain’s housing market is far more dysfunctional […]