In recent years, the push to reform local government finance has gained significant traction. A growing consensus among parliamentarians, think tanks, economists, and campaigners underscores the urgent need to replace the regressive Council Tax and the anti-aspirational Stamp Duty with a more equitable Proportional Property Tax. Tim Leunig has made three key recommendations: implementing a clear distinction between national and local funding, introducing a minimum payment to safeguard essential local services, and advocating for a more efficient property valuation process. These innovative proposals deserve serious consideration from the new Government, and we strongly urge them to give this paper the attention it merits.
You can read the full article featured in The Guardian here.