Robert Peston

that broadly what's been rewarded in the economy over the last 15 odd years is not labour, not, you know, essentially the fruits of what we all do, you know,

to earn a living either as self-employed people or employees.

But, you know, assets of various sorts, and in particular property.

And what they are, you know, so I'll give you one example of a policy that I think is definitely worth considering.

They are saying that you should shift the burden of...

Well, you should reduce rates on businesses and then look at who owns the underlying property and make sure that they pay more.

We've talked about property taxes before.

Yeah, your landlord would.

And so I think that is definitely an idea whose time has come.

One of the things we've talked about is

You know, it is ridiculous that we don't have a proper property tax in this country.

You know, one of the advantages of, I mean, first of all, we have seen the most massive inflation over the last, you know, 15, 20 years in the value of property.

And I think you could argue that the owners of those assets haven't paid their fair share.

But secondly, the great thing about land is you cannot move it, you know,

You know, unless Trump finds a way to buy the entire United Kingdom.

Yeah.

Right.

Britain will remain sovereign.

And, you know, if you own land here, you're just going to have to pay whatever the tax is here.

I think it's less...