By Heather Wetzel

The Labour Land Campaign is holding a lunch-time fringe meeting as part of an all-day event at this year’s Labour Party Conference to discuss the relevance of land and land wealth in the economy.

With the economy falling apart; homes becoming increasingly unaffordable to rent or buy for a growing number of people; rocketing energy prices alongside rocketing profits; a crumbling NHS and health care; insufficient and expensive public transport and an environment that is being destroyed, the day will discuss a common thread to these problems – our natural resources and natural resource wealth being ‘owned’ and sucked out of the economy by a powerful minority of individuals in the world. Speakers will address the forgotten economic law – there are three factors of production – labour, capital and land – that is, all natural resources.

STOLEN PROPERTY: Our Land and Land Wealth

All are invited to join our discussion on the relevance of land and land wealth in the economy

Date: Tuesday 27th September 2022

Time: 9am – 5pm (Pop in when you can)

Venue: Institute Room, Quaker Meeting House, 22 School Lane, Liverpool L1 3BT

The lunch-time (12 noon to 2.30pm) fringe meeting speakers will include John McDonnell MP, Rebecca-Long Bailey MP, Jamie Driscoll, North of Tyne Mayor and Katy Clark MSP (former adviser to Jeremy Corbyn MP)
Speakers at other sessions include Jim King (Salford Councillor), Anthony Molloy (LB Camden Councillor), Kate Ewert (Labour Campaign for Council Housing, Cornwall Councillor)
Jacky Peacock (Director Advice4Renters & Brent Private Tenants’ Rights Group) and Mark Dickens (Lead officer, Spatial Planning, Liverpool City Region).
There is a discussion opportunity for everyone, no matter if they are particularly concerned about –

• homes being unaffordable for a growing number of people or
• the current energy crisis or
• low wages or
• rising poverty or
• failing businesses or
• how we misuse our natural resources or
• the growing rich/poor divide

 This day will give the opportunity not just to talk about these terrible problems we face but how a government with vision could use an annual Land Value Tax to redirect land wealth from monopoly owners to benefit all by replacing avoidable, bad and distortive taxes on incomes and trade.

The Labour Land Campaign argues we should all benefit from the wealth we create by fundamentally reforming our tax system that is not fit for purpose.

An annual Land Value Tax is a good Wealth Tax that is easy to identify and easy to collect.

For more information, contact the Labour Land Campaign www.labourland.org

Heather Wetzel is Vice Chair, Labour Land Campaign.