FT columnist spells out LVT case

The respected financial journalist Martin Wolf has spelled out the arguments for LVT in this article in the Financial Times. Curiously, it is headed “Why Cable’s mansions tax is right”, because Cable’s mansions tax is not LVT. The author has merely used Cable’s proposal as a peg to hang the LVT case on. Hooray!

Of course, as the Campaign has been arguing for many years, the effectiveness and durability of LVT depends crucially on precisely how it is implemented. Nevertheless, it is encouraging that the principle is now being accepted outside the small circle to which it has been confined for at least the past fifty years. If Cable has brought the matter to attention, that can be no bad thing.