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Tax Devolution (Supplementary) [2]

  • Question by: Nicky Gavron
  • Meeting date: 24 October 2012
Nicky Gavron (AM): Picking up on what you were saying earlier about hypothecation and recognising that you are trying to do a very important, long term job which may pay off, in the shorter term, how far is your survey of other cities looking at the ways in which other city governments have been enabled to set charges like congestion charging, or have the powers to set levies and so on, which they can hypothecate? The Mayor has two opportunities in London: CIL and congestion charging, and there could be others like that. Are you going to come up with...

Tax Devolution (Supplementary) [1]

  • Question by: Nicky Gavron
  • Meeting date: 24 October 2012
In the same spirit, how far are you going to frame for the Mayor any of the mechanisms he might be thinking about for the comprehensive spending review for London?

Localisation of Business Rates (Supplementary) [1]

  • Question by: Andrew Boff
  • Meeting date: 24 October 2012
Andrew Boff (AM): Professor Travers, do you think that the localisation of business rates might assist local authorities in dealing with the blight of empty shops and derelict land?

Balance of Taxation (Supplementary) [6]

  • Question by: Nicky Gavron
  • Meeting date: 24 October 2012
Nicky Gavron (AM): While we are on land and talking about the planning system, currently the Assembly's Planning Committee is looking at the community infrastructure levy (CIL). That is, to a certain extent, a fixed charge, although there are lots of complications because it is set different in different boroughs and there is not necessarily a duty to cooperate and so on. On top of that is the Mayor's own CIL. I was wondering, this CIL is for Crossrail, but is the Commission going to look beyond that to the way CIL might be used by the Mayor in the...

Balance of Taxation (Supplementary) [5]

  • Question by: Roger Evans
  • Meeting date: 24 October 2012
Roger Evans (AM): I too spent a pleasant lunch some years ago being lobbied on this matter by Dave Wetzel [President of the Labour Land Campaign]. Professor Tony Travers (Chair, London Finance Commission): It is always fun. Roger Evans (AM): Yes, and he made the point that Jenny [Jones] does that it would encourage better use of land in London. Does that not mean that if you are using a piece of land for residential purposes it will encourage you to put a block of flats on it, the higher the better, rather than just ordinary houses?

Balance of Taxation (Supplementary) [4]

  • Question by: John Biggs
  • Meeting date: 24 October 2012
Goodness me. I think this is a very worthwhile debate although it may seem a bit arid to some observers and we need to make sure we do not get too academic about it. Would you agree with me that around the world probably the single greatest source of income for city governments tends to be, in one shape or form, from properties? You have said a couple of times now that property taxes are so visible and so potent that virtually all political parties play 'chicken' with each other. Well, the opposite of 'chicken'; they are scared to look...

Balance of Taxation (Supplementary) [3]

  • Question by: Richard Tracey
  • Meeting date: 24 October 2012
Tony, you have already spelt out some of the complexities of trying to bring something like this in and you have discussed whether it would simply be London or whether it would apply to the rest of the country, but surely one of the other enormous unfairnesses of it would be at what level and percentage it came in and indeed who qualified. Liberal Democrat politicians have been talking about a mansion tax applying over £1 million or £2 million, which seems very unfair, but surely the really serious unfairness of this would be if young people trying to get...

Balance of Taxation (Supplementary) [2]

  • Question by: Stephen Knight
  • Meeting date: 24 October 2012
Stephen Knight (AM): To pick you up on the point you have just made around the high property values in London, compared, I believe with most other developed countries, we have very few property and wealth taxes in this country; we predominantly focus on income and sales taxes. I just wondered to what extent you think the high cost of housing in London is partly driven by the fact that it is a tax free growth area for people, by which I mean it is a tax free investment and therefore that has partly driven the speculation that has driven...

Balance of Taxation (Supplementary) [1]

  • Question by: Murad Qureshi
  • Meeting date: 24 October 2012
Murad Qureshi (AM): I just want to briefly go back to land valuation taxation if you don't mind, given Roger's [Roger Evans AM] comments. I hear what you are saying about local planning concerns that have to be addressed by local authorities, I hear what you say about anything being proposed having to be national and not just London, but you would accept that it would discourage land banking and a fair amount of empty sites? Forget empty properties, there are major sites lying empty. Would it not encourage those being moved on at least and the promotion of jobs...

Privatisation (Supplementary) [3]

  • Question by: Andrew Dismore
  • Meeting date: 12 September 2012
Just a short one for Mr Dobson to follow up on Babcocks. Obviously, I have seen the paper going to Monday's Committee, and what strikes me is the problem that was caused in that first three months was the unholy haste in which the contract was signed and brought into effect. I would have thought that in a contract as important as this that there would have been a longer lead in time to make sure that those earlier problems could have been at least ameliorated compared to what happened. It seems to me that the real issue here was...
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