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• Question by: Stephen Knight
• Meeting date: 24 October 2012

Stephen Knight (AM): To pick you up on the point you have just made around the high property values in London, compared, I believe with most other developed countries, we have very few property and wealth taxes in this country; we predominantly focus on income and sales taxes. I just wondered to what extent you think the high cost of housing in London is partly driven by the fact that it is a tax free growth area for people, by which I mean it is a tax free investment and therefore that has partly driven the speculation that has driven...

• Question by: Mike Tuffrey
• Meeting date: 18 May 2011

Clearly, it is welcome to have a focus on outer London and my colleagues from Sutton and North Cheam are quick off the mark and have already, as it were, put in for some money even though you have not actually told people what the criteria is. But I, too, am concerned about your funding mechanism. It is one thing to take the money off taxpayers and to grant it to outer London boroughs. It is another to borrow because you have to pay the interest on the borrowing and you have to pay the money back. I am a...