Best of the financial columnists

A better way to soak the landlords

Tom Spencer

CapX

Public investment in infrastructure is “all the rage” given the commitment to “levelling up”, says Tom Spencer. But who reaps the rewards of such investment? Society in general in the form of better transport and amore productive economy. But, on an individual level, those gains are “trifling” compared with what ends up in the pockets of landlords. The Jubilee Line extension in London, for example, cost taxpayers £3.5bn, but property owners