Agenda item

A Member noted that the Greater London Authority had raised the issue of considering implementing Land Value Tax in London and asked whether the Chamberlain had any comments on this matter. The Chamberlain advised that Land Value Tax would not apply directly to the Corporation, but would apply to businesses operating within the City. The Chamberlain explained that the raising of the issue was likely to be linked to the wider agenda of fiscal devolution agenda, and advised that the matter would be investigated and reported back to the Committee.

A Member noted that this was the first meeting since the Government’s Budget announcement. The Chamberlain advised that a briefing on the implications of the Budget to the Corporation could be provided to the Committee via email.