Quick question: is it only Lib Dems who believe in Land Value Tax, or do Labour party members like it as well? Why is it such a Lib Dem Cause? (see ALTER) I haven’t had a chance to search LabourList on this . . .
Tim Leunig has weighed into the question of whether the Lib Dems’ internal democracy is compatible with the UK’s actual democracy. Surprisingly to me, most of the comments below hint agreement with his view that it isn’t. Good.
And the always excellent Flip Chart Fairytales provides further detail on Cameron’s earlier, surprising recognition that Thatcher never really cut spending:
It’s become a bit of a cliché to say that we are in uncharted waters but the public spending cuts being drawn up by politicians and civil servants really are unprecedented. Even the government’s relatively modest 9.3% real-terms cut over four years means that all public sector organisations will have their budgets significantly reduced year by year. Many public sector managers will simply have to manage with less cash. This has never happened before.
I made a very similar point in A Balancing Act (see this chart). These are Darling’s current plans.
It is going to be a huge shock to most sensibilities, and the debate needs to start now in order to prevent the shock producing irrational denial behaviour when it will really matter.
On public spending and tax, I would not normally agree with Mark Wadsworth. But I’m really glad he agrees on Martin Wolf’s excellent column today (see 2 posts ago).