06 July 2020

Think tank calls for sweeping reforms to local taxes

Think tank calls for sweeping reforms to local taxes image

A group of former Treasury special advisers have called for revaluation of the council tax and reform of  business rates to boost the economy post-COVID-19.

The ex-advisers, part of a centre right think-tank called Onward, call for ‘sweeping reform of the tax system in particular reforming business and property taxes including council tax revaluation.’ The last valuation was in 1991 and it has been prostponed by successivew governments ever since.

In their report, Bouncing Back, the authors call for new fiscal rules targeting debt falling as a percentage of GDP by 2025. They argue that ‘politically, there is no mandate for a course of action that looks like reducing public spending on essential services such as the NHS’ but also stress that ‘a radical vision for permanently and radically bigger government was rejected by the electorate in December.’

They add that ‘spending on debt interest has also fallen significantly over the last three decades, down to around 3.5% of tax receipts and projected to fall further – compared to around 10% at the start of the 1980s or 1960s (when debt to GDP was last at 100%) and close to 7% after the financial crisis.’’

They also want young people to have the option to ‘earn, learn or serve,’ the last being ‘service towards social and environmental causes in their community, employed by local authorities, housing associations, public services, charities and community organisations.’ The athors say spending on further education colleges should be doubled.

The authors include Adam Memon, former special adviser and head of economic policy to Sajid Javid as Chancellor, Neil Brien MP, former economic adviser to George Osborne as Chancellor, Mats Persson, former special adviser to David Cameron as Prime Minister and Tim Pitt, former senior adviser to Philip Hammond as Chancellor.

Battle of the Smart Cities image

Battle of the Smart Cities

Piers Mulroney explores how the race to innovate, digitise and decarbonise is driving the mayoral elections in Birmingham and Manchester.
SIGN UP
For your free daily news bulletin
Highways jobs

Occupational Therapist

Essex County Council
£32065 - £43839 per annum
Occupational TherapistPermanent, Full Time£32,065 - £43,839 per annumLocation
Recuriter: Essex County Council

Senior Organisation Design Practitioner / Consultant

Essex County Council
£49939 - £58752 per annum
Senior Organisation Design Practitioner / ConsultantFixed Term, 12 months (secondments from other local authorities and civil service departments wil England, Essex, Chelmsford
Recuriter: Essex County Council

People Caseworker

Essex County Council
Negotiable
People Caseworker Temporary, Full Time £18 per hour Location
Recuriter: Essex County Council

Commissioning Apprentice for Children and Families

London Borough of Richmond upon Thames and London Borough of Wandsworth
234
Our Apprenticeship scheme provides a perfect way to earn a wage while you gain vital work experience and a nationally recognised qualification. London (Greater)
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Income Officer Customer Accounts

City of York Council
£20,422 to £21,552 per annum
An exciting role has become available in our busy Customer Accounts Team. York, North Yorkshire
Recuriter: City of York Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue