View more on these topics

Tony Blair backs land value tax to crack housing crisis

Former prime minister Tony Blair supports a land value tax to help solve the Western housing crisis.

A Tony Blair Institute for Global Change report says housing has become a source of economic anxiety, social resentment, and political frustration.

Blair’s policy unit says the solution to this includes community reinvestment programs based on a land value tax.

This would replace “outdated and discredited Council Tax”, the report says.

It also requires a sovereign property fund to expand public housing investment.

This would help local councils build new homes and refurbish old ones.

The former PM also wants to see rapid transit networks to accompany the new homes.

Finally, Blair is calling for a new social contract with rental sector tenants to extend the standard minimum tenancy to three years.

This would also limit rental inflation to the consumer price index over that time and provide stronger protections from eviction.

Blair says the Conservatives are too timid with housing policy, while Labour are regressive.

He says: “The report marks a departure in housing philosophy. Whilst we celebrate the virtues of home ownership, it is time to acknowledge that for many a flourishing rental sector is essential and housing needs are not always served by the focus on ownership to the exclusion of other forms of tenure.”

The report’s author, Institute research fellow David Adler says: “The cry for fundamental housing reform grows louder each day, as levels of homeownership reach record lows and evictions record highs.

“But Theresa May’s government — despite her “personal mission” to fix the broken housing market — shies away from any policy that might disturb the status quo, encouraging house price inflation that benefits the few, not the many.”

The report is called ‘Home Truths: A progressive vision of housing policy in the 21st century’.


Think-tank proposes Land Value Tax of 1%

A centre-right think tank has proposed a Land Value Tax to the Conservative Party of 1% a year on the value of houses. The tax would replace Council Tax, Inheritance Tax, Land Tax, Stamp Duty and Capital Gains Tax on house sales and the BBCs television licence fee. The report by The Bow Groups Mark […]

Chancellor, budget

Budget: 100% council tax premium on empty homes

The Chancellor has unveiled plans to let local authorities charge a 100 per cent council tax premium on empty properties. Philip Hammond, delivering the Autumn Budget today, says “It cannot be right to leave properties empty when so many are desperate for a place to live.’ He said Government will bring in new laws to […]


Industry backs May’s council housing pledge

The industry has welcomed Theresa May’s pledge to make an extra £2bn available for council housing across the UK. But experts say there is more work to be done to solve the UK’s housing crisis. The Government has also called for family-friendly, longer tenancies in the private rented sector to provide more security for tenants. […]

Health Shield logo - thumbnail

Health Shield launches new and improved health and wellbeing benefits

As part of its commitment to help even more companies improve employee wellness and productivity, award-winning health cash plan and wellbeing provider Health Shield has announced a raft of new and improved health benefits. From early diagnostics, detection and screening services to rehabilitation and the extension of home care support to parents, Health Shield’s range […]


News and expert analysis straight to your inbox

Sign up