A parliamentary committee has joined groups demanding land market reform so that rises in property values resulting from government decisions benefit the state rather than landowners.
The Commons cross-party Housing, Communities and Local Government Select Committee has proposed legislative and taxation changes to enable so-called “land value capture” to fund infrastructure, public services and affordable homes.
Such reforms, while not yet government policy, are gaining high-level support as a way to damp land speculation and benefit the public purse. But developers oppose the changes, arguing they already contribute £6bn a year through levies and other contributions.
