AD LIB NOV 18 | PAGE 11
and key workers they would need
to be much cheaper than the
average price of new homes, now.
That means cutting the link
between escalating land and
There are various ways of doing
this: using public land without the
current legal requirement to
maximise value; the introduction
of land value taxation which would
incentivise the best use of land;
and modifications to land
compensation legislation so that
compulsory purchase can be used
without the payment of 'hope value'
for change of use.
I set out these ideas in a speech
earlier this year at the Royal
Institute of British Architects. We
shall be further developing them
for our manifesto.