Tony Blair is backing one of the most controversial measures raised in Labours last manifesto, by supporting a new “land value tax” designed to help solve the housing crisis.
The former prime minister said the new tax, which sees the value of underlying land taxed rather than property, should replace council tax and business rates to create a “fairer and more rational system of property taxation”.
His endorsement of the idea will be seen by some as a shift to the left. However, he said he wanted to embrace a radical policy platform that “abandons the timidity of the Conservative policy and avoids the present regression of Labour policy”.
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