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My Lords, in the time available, I want to give the IFS a very big tick for the quality of its scoping study. I very much look forward to the four-year cycle coming to a conclusion. In the 1970s, I was a member of the Royal Commission on the Distribution of Income and Wealth, chaired by Lord Diamond, who some people may remember from Harold Wilson’s Government. We were very keen to make...
On the question of the role of land in house prices going up, is not one of the requirements of a sensible policy that the land value increase does not all stay in the pockets of the people who are sitting on this land, which could be given planning permission? That would help the Exchequer in other aspects of public finance.
Entered the House of Lords in 1999
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