Current affairs - Land Value Tax Campaign

The Cargo Cult of Money Reform

Written on 2 December 2013. Posted in Banking.

The topic of money reform lies outside our self-defined terms of reference. Our view is that the monetary and banking system are the way they are largely due to the fact that the rent of land is privately appropriated. “As long as the land monopoly is maintained, the few can take possession of what Nature free of charge has granted to everyone, and usury will penetrate the whole society,...

A thought for St Andrews’ Day

Written on 30 November 2013. Posted in Politics.

The Campaign does not have a view on Scottish independence. One of the factors behind this movement must surely be the sense that wealth is being sucked out of Scotland into the centre of power and government, which means London. This is occurring through the tax system by government, and through the extraction of rental value by the financial system. The same problems are experienced in the peripheral...

Humbug or ignorance?

Written on 18 November 2013. Posted in Taxation.

The British Chambers of Commerce (BCC) is urging George Osborne, in his Autumn Statement on December 5, to freeze business rates for the next two years. The business group wants the government to review and reform the business rates system by 2015, with a more “responsive and transparent” system enacted early in the next parliament. Is this humbug or pure ignorance? The BCC could say...

Buy land – they don’t make it any more

Written on 13 November 2013. Posted in Economics.

“Investing in British land”. If people were encouraged to buy up grain when there was a famine, most people would denounce it as immoral. Double standards apply.

Crossrail windfall

Written on 31 October 2013. Posted in Economics.

Crossrail figures estimate the price of commercial space along the line will climb 10 per cent over the next decade, above an already rising baseline projection. Read more in FT article here.

Windfall time

Written on 30 October 2013. Posted in Economics.

It is the season of windfalls.

Buyers beware of Britain’s absurd property trap

Written on 10 October 2013. Posted in Economics.

“The government’s Help to Buy scheme is really helping those who wish to keep housing costly”, writes Michael Wolff in this analysis in the Financial Times. Nice to see that someone is following the same line of thinking as us.

Buy to let surges ahead

Written on 9 August 2013. Posted in Banking.

Lending for buy-to-let surges on, with the value of loans up by 31% compared to last year. Large numbers of people have now been priced out of buying and rents are rising. Information from The Council of Mortgage Lenders (CML) showed £5.1bn was advanced to landlords in the three months to the end of June, an increase of 21% on the first quarter. The trend will presumably continue, since the Governor...

London flat snip at £68 million

Written on 3 August 2013. Posted in Economics.

One Hyde Park – more information here. New residential properties in London are being snapped up by foreign purchasers. London is obviously a desirable location. We do not mind who buys the property or where they come from, as long as they pay the rental value of the land they were standing on. As we have always argued, it would give a solid source of revenue for the British exchequer and...

Here’s where Google’s profits end up in land values

Written on 19 July 2013. Posted in Economics.

In house prices round Google’s headquarters in Silicon Valley. Or more precisely, in the value of the land the houses are standing on. What a surprise!

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