Matthew Syed challenges Labour to introduce a Land Value Tax
In a leading article in the Sunday Times, 5th May 2024, Journalist and Author Matthew Syed implores Keir Starmer to "Get ready to rip..." with a radical programme to rescue Britain from the productivity gap, warning that the average Pole will be wealthier than the average Briton within five years, if an incremental approach is taken.
The first of his recommendatoins is to introduce a land value tax, in place of income tax, or corporation tax, arguing that such a tax will 'turbocharge' the incentive to work, while disincentivise the acquistion of existing assets in search of un-earned rental income.