Labour says land value tax would boost local government budgets

John McDonnell says funding crisis in local services may have opened window of opportunityLabour is considering a tax on land values as a way of boosting local government budgets, shadow chancellor John McDonnell has said. In a sign of the party’s confidence about growing public interest in a fresh approach to managing the economy, McDonnell said cuts to council spending were so severe that it might now be possible “to have a rational debate”. Continue reading...