Labour's Income Tax Sums - is it just me?

[Robin-H]

Is this how he'll plug the gap? LVT?

 

"We will initiate a review into reforming council tax and business rates and consider new options such as a land value tax, to ensure local government has sustainable funding for the long term.

Labour is the party of devolution "

 

Page 86 of the Manifesto...

 

Get rid of your gardens now...

 

Apparently such a tax would cost the average family home £3,837 - significantly more than the average council tax of £1,185. That is based on a levy of 3%. I'm not sure if that is an estimated levy amount, or in the Labour Proposals (I'm aware the figure isn't in the manifesto, but could be mentioned elsewhere).

 

I can also see that it would massively incentivise selling off gardens to developers, something the Conservatives tried to minimise by reclassifying gardens as greenfield land (from brownfield).

 

However, other countries have a land duty, such as Denmark, although I'm not sure on the specifics.

[Cyclone]

I suppose that's why it's a review and not a definite policy, and presumably the 3% could be tuned so that the average families bill didn't change.

 

I think a local income tax makes more sense than a LVT, but that's a liberal policy instead of labour.