Cable renews call for property tax (Twickenham & Richmond Liberal Democrats)

Cable renews call for property tax

June 18, 2011 5:26 PM

Cable • [Jun 19] Evening Standard: BUSINESS Secretary Vince Cable has signalled his continuing support for a new tax on high-value properties. Mr Cable told Liberal Democrat activists that making the tax system more progressive - with a heavier burden falling on the better off - was "absolutely integral" to Government's economic reforms . . addressing the Social Liberal Forum in London, Mr Cable made clear that he had not abandoned the idea of some form of new tax on property:

"As a party we have got to think through how you introduce a more progressive tax system in an environment where capital and, to some extent, people are mobile - certainly high earners, I think this inevitably draws us back to property and land. We are going to have to address the issue of wealth, property, land as part of a fundamental progressive reform of the tax system. I see that as absolutely integral to delivering the combination of measures that we are really going to need to restructure the economy. We mustn't lose sight of that."

The Treasury, however, has already ruled out a mansion tax and any alternative proposals for a property tax are likely to run into fierce opposition from Tories within the coalition.

• Cable renews call for property tax [Standard Jun 19]

• Live blog: Vince Cable on economics at Social Liberal Forum conference [Gareth Epps Jun 18]

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• What is the difference between a social liberal and a social democrat? [Liberal England Jun 18]

• Opinion: The Social Liberal Conference was a major success [Lee Dargue Lib Dem voice Jun 20]

• Vince Cable on equalities [ Mark Pack Lib Dem Voice Jun 20]

• Blogging About The SLF Conference [SocialLiberal.net Jun 20]

• Political Parry: My Interview with Vince Cable [Political Parry Jun 19]

• Vince Cable: 'Britain is a poorer country' [Telegraph video Jun 20]

• Opinion: This is the Social Liberal moment [Prateek Buch Lib Dem Voice Jun 21]