Business rates and LVT
Lib Dem manifestos for years have included replacing business rates with a tax based only on the value of the site. There’s a very strong economic case, with the IFS saying that “this is such a powerful idea, and one that has been so comprehensively ignored by governments, that the case for a thorough official effort to design a workable system seems to us to be overwhelming.” What do you think of the prospects for this reform over the next few years, and what do Lib Dems need to do differently to make it happen?