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  • Weaknesses and Opportunities for London's Funding

    • Reference: 2012/0220-1
    • Question by: John Biggs
    • Meeting date: 24 October 2012
    What are the principal weaknesses in, and opportunities for, London's funding?
  • Tax Devolution

    • Reference: 2012/0221-1
    • Question by: Gareth Bacon MP
    • Meeting date: 24 October 2012
    Stamp Duty and Income tax have both been mooted as potential candidates for tax devolution from Whitehall to London. How would you see the devolution of these taxes working, in practice? Which do you see as a more attractive option?
  • 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...
  • 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) [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?
  • 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?
  • 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...
  • LFPA Statement of Investment Principles (Supplementary) [1]

    • Question by: Jenny Jones
    • Meeting date: 17 January 2007
    You can see from the questions that you have been asked today this is clearly a hot topic for us, and also, as politicians, we are very concerned about the issue of openness and the public knowing. So far this aspect has not been in the annual report, that is other information that I have. Is that not true? This is something you bring in to the annual report or is it simply that it is the first time you have had it so it has not happened yet?
  • LFPA Statement of Investment Principles (Supplementary) [2]

    • Question by: Mike Tuffrey
    • Meeting date: 17 January 2007
    Then I would like to conclude by pushing you to go further and to be public with people like us and, indeed, the 70,000 contributors so that in things that, as it were, I get, I can see you living out what you say your policy is, which is in the question, that you are progressively improving over time. Currently, I do not see that, and I think you should.
  • LFPA Statement of Investment Principles (Supplementary) [3]

    • Question by: Jenny Jones
    • Meeting date: 17 January 2007
    Judging from your answers, some of the information I have here that I was going to ask you about is completely erroneous, and I am going to be delighted if you tell me I am completely wrong. I would like to follow on from my colleague Mike's [Tuffrey] excellent line of questioning on openness. The feeling is generally that there is not as much openness from you as there are from other companies who have got the same sort of ethical and socially responsible stance. Can I clarify; you commented on the voting record, however my understanding is that although...