Forth Road Bridge (Land Values)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 29th November 1960.

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Photo of Mr Arthur Woodburn Mr Arthur Woodburn , Clackmannan and East Stirlingshire 12:00 am, 29th November 1960

asked the Chancellor of the Exchequer whether he has any plans to recover for the Government some share of the increased land values which are being created by the expenditure of public money on the Forth Road Bridge.

Photo of Mr Arthur Woodburn Mr Arthur Woodburn , Clackmannan and East Stirlingshire

Is the Chancellor aware that it is very frustrating to local authorities and others who have to spend money on these public projects to see people raking in fortunes, or at least large sums of money, from increased land values towards which the people concerned have made no contribution?

Photo of Mr Selwyn Lloyd Mr Selwyn Lloyd , Wirral

I think that the right hon. Gentleman will know that the whole question of the taxation of land values is somewhat complicated and controversial. Previous experience in this field throws some doubt on the efficacy of efforts made to try to tax land values.