The Economic Crisis is Now Political
30 Oct 2014
A new posting by Toby Matthews looks at the fallout of the Clacton-on-Sea election and asks how peripheral areas can rebuild their economies.
As Matthews says...
We need only revisit Ricardo's Law of Rent to understand that the economic margin will be hit the hardest. They cannot compete with London and they certainly can't bear the same tax load.
The answer is a tax based on land values.