Landowners ’make multi-million-pound profits through no effort of their own’
Extra funding for new local infrastructure and affordable housing could be raised by changing the way increases in land value caused by public policy decisions are captured, the housing,communities and local government committee has found.
It argues local authorities and central government should capture a “significant proportion” of this uplift in value to invest in new infrastructure and public services.
The committee produced a report, Land Value Capture, following an inquiry into the subject.
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