Oral Answers to Questions
Debate between Lord Watts and David Gauke(11 years ago)
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Mr Gauke
I do not know whether Labour is opposing the scheme. That was not the impression I got. This is a very simple scheme. It does not require applications or involve any of the complexities that we saw with two of the Labour national insurance contribution schemes. We are confident that the current scheme will work. It has been widely supported by business groups and I think it will make a big difference to small businesses.
Mr Dave Watts (St Helens North) (Lab)
10. What assessment he has made of the effect of his spending plans on the cost of in-work benefits.
Oral Answers to Questions
Debate between Lord Watts and David Gauke(11 years, 2 months ago)
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The Exchequer Secretary to the Treasury (Mr David Gauke)
The Government have no plans to introduce a land value tax at this time. In our view, the complexity and cost of administering such a tax, and, more importantly, the likelihood of a significant increase in tax bills for many council tax payers, particularly those such as pensioners with liquid assets, means that such a proposal is not tenable.
Mr Watts
I thank the Minister for his response, but given that we have massive increases in house prices, massive increases in the value of farmland and builders and supermarkets land-banking and pushing up the price of land, and given that 1% of the population own 69% of our total land mass, is it not time for action? Do we not need a land tax?
Mr Gauke
The hon. Gentleman will be aware that some of the construction numbers of late are much more encouraging, and the Government are taking action to improve house building, including our Help to Buy proposal. Believe it or not, not every problem this country faces can be solved by another tax.