Skip to main content

Is class dead in Britain?

Polly Toybee wrote a piece in yesterday’s Guardian under the title “Money busts the convenient myth that social class is dead“. Her theme, which trails a series of programmes she has made, to be broadcast on BBC Radio 4, commencing at 9 am on Thursday, is that “Britain likes to pretend it has moved on: but birth determines our destiny and income more now than it did 50 years...

Continue reading

Land beats gold

In the present financial uncertainty, people are fleeing to gold for safety. Such is the demand, with soaring gold prices, that banks are charging more to store it, following the surge in demand for precious metals, which has left London, the centre of the global bullion market, short of vault space. Almost all of the major bullion-dealing banks have raised fees since March this year, in some cases...

Continue reading

Who owns our green and pleasant land?

Britain’s biggest estates are falling into the hands of Russian oligarchs hankering after their own slice of Brideshead Revisited. As another £100m home is put on the market, Observer journalist Tim Adams wonders if the rest of us will ever see over the castle walls.   Article continues here

Continue reading

Who owns the right to catch fish?

Who owns the right to catch fish was the title of a Guardian article today. Having caught a few perch from the (very well managed) lake yesterday, each one a decent meal, I thought it was about hobby fishing but the article concerned commercial fishing quotas, which it seems were quietly disposed of by the Labour government in the 1990s and are now being traded.   It is strange how the government...

Continue reading

Worth a read

Fred Foldvary continues to produce penetrating and provocative analysis in The Progress Report, which is always worth looking at.

Continue reading

What is the point of LVT?

The primary purpose of LVT is to obtain a tax shift from those parts not having a taxable capacity on to those parts which do. If we tax those businesses with no taxable capacity they will cease. There is plenty of taxable capacity – an ability to pay tax – at those sites which enjoy more of the benefits provided by better facilities. Under our present system, some of that taxable capacity...

Continue reading

Alternative vote – yes or no?

If there are three factors of production, land, labour and capital, one might logically expect three political parties reflecting these three interests. Over simplifying wildly, one could say that in the nineteenth century, before labour got the vote to any significant extent, there were two main parties reflecting the interests of land and capital. Once labour got the vote, the UK saw the rise...

Continue reading

The dreaded T-word

Land Value Tax is not a tax, any more than paying to use a car parking space is a tax. It is a payment for a benefit received: the exclusive use of a plot of land and whatever benefits that go with that use. The principle is to use land rent as the main source of public revenue. Yet it has always been referred to as LVT. A point that comes up regularly from some of our supporters is this damages...

Continue reading