I was surprised to see this in The Telegraph
I just stumbled across this, from three years ago:
Business rates are the closest thing we have in the UK to a land value tax (LVT). They're favoured by economists for their property of being "non-distortionary". They don't mess around with incentives, unlike many other forms of taxation.
A higher income tax may be a deterrent to earning more money in the UK, as are corporation tax hikes, but the supply of land is fairly fixed - people aren't going to change their production of it in response to higher taxes...
