Rory Sutherland

How to increase your home’s value – with a sandwich

[iStock] 
issue 29 July 2023

It is a tenet of neo-liberal economics that there is no such thing as a free lunch. This is obvious baloney. There are free lunches everywhere. The problem is that those free lunches are no longer served to people doing useful work. They are instead handed out to the owners of a few favoured asset classes through untaxed gains. We have created far more tax breaks for rent-seeking than for productive work… and then we wonder why Britain has a productivity crisis.

Under a future Sutherland regime, there would be no tax paid on beer drunk in a pub

I must admit I enjoy a few free lunches myself – literally. I own a small crash-pad in Deal, in what was until recently the undiscovered paradise that is East Kent (suggested slogan: ‘The friendliness of northern England, the climate of northern France’). Every time I arrive, I set off down the high street and splurge on food from several of its many fine delicatessens: heritage tomatoes (£4), olive focaccia bread (£4.95),

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