Our property tax system is in dire need of reform: we need radical solutions such as automatic Council Tax revaluation or a national property tax based on property values

With the recent news that first time buyers have little prospect of owning their own home in the next five years, it is clear that our housing system is in need of reform. Mark Stephens of the Joseph Rowntree Housing Market Taskforce argues that our current system of Council Tax is outdated and unequal, and proposes some radical reforms that may go some way to diminish the cyclical effect of the housing market.