Croydon Communist Party held its AGM on Thursday, 19 January. Routine business was swiftly despatched, including the confirmation of Martin Graham as Branch Secretary, leaving the rest of the meeting for the political report and discussion, including a discussion of Land Value Tax (LVT) and the response earlier that week by London Mayor Sadiq Khan to the report A Land Value Tax for London? published by the London Assembly Planning Committee.
The London Assembly Planning Committee report, published in February last year, appears largely to be the work of Tom Copley, a Labour Assembly Member with some progressive ideas – he is, for example a republican – but who has been opposing and undermining Jeremy Corbyn’s leadership of the Labour Party to the extent even of accusing him of lying. It was therefore unsurprising that the report adopted a timid and unimaginative approach to LVT, seeing it as little more than a device to bring forward land for development in London. Mayor Khan’s response was equally limited: he welcomed the report but cautioned that he lacked powers even to undertake a pilot scheme. He would “hold talks with the Treasury”. but as the last thing the Tories want to do is tax the people who bankroll them, don’t hold your breath!
LVT has significantly greater potential than simply a means of accelerating property development in London. As the Economics Commission of the Communist Party argued in the pamphlet From Each According to their Means, it has a part to play in creating a truly progressive national tax regime. You can read this report here or order a printed copy for £2.50 postage paid from the Communist Party here.