14.10 Policy motion
Chair: Jeremy Hargreaves. Aide: Cllr Susan Juned. Hall Aide: Liz Lynne.
F26 Taxing Land, Not Investment
Mover: Andrew Dixon.
Summation: Lord Fox (Spokesperson on Business, Enterprise and Industrial
Conference believes that Business Rates and Non-Residential Stamp
Duty are an unacceptable burden on business and unfit for purpose
in a modern economy.
A. That dissatisfaction with Business Rates has reached an all-time
high, following a long-delayed and poorly implemented rates
revaluation in 2017 and a deepening crisis on Britain's highstreets.
B. Recent calls for reform of Business Rates from all the major
business organisations, including the CBI, the FSB, the BCC, the
BRC, the EEF and the IoD.
C. The recommendation in the IFS's seminal 2011 Mirrlees Review
that Business Rates should be replaced with a tax based on land
D. Liberal Democrats' longstanding commitment to Business Rates
reform, with a specific emphasis on replacing it with a land value
Conference believes that:
i) By taxing business premises and equipment, Business Rates
are a disincentive to investment, and are a particularly heavy
burden on capital-intensive sectors such as manufacturing and
ii) It would be more efficient to solely tax the land value of
commercial property, removing the disincentive to invest and
enabling the state to better capture increases in land value
driven by public infrastructure investment.
50 AGENDA AUTUMN CONFERENCE 2018
MondayMonday 17 September