{"id":27253,"date":"2015-01-12T06:33:19","date_gmt":"2015-01-12T06:33:19","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=27253"},"modified":"2015-01-12T06:33:19","modified_gmt":"2015-01-12T06:33:19","slug":"a-new-measure-of-inequality-house-prices","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/01\/12\/a-new-measure-of-inequality-house-prices\/","title":{"rendered":"A new measure of inequality: house prices"},"content":{"rendered":"<p>As <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/1f5bb66e-95ad-11e4-b3a6-00144feabdc0.html#ixzz3OaNtfNdI\" target=\"_blank\">the FT reports this morning<\/a>:<\/p>\n<blockquote><p>The top 20 [parliamentary] seats by [house price] value, of which 11 are held by Conservative MPs, have property worth a total of \u00a3741bn. The cheapest 20 seats, of which 15 are represented by Labour, are collectively worth just \u00a357bn.<\/p>\n<p>That total figure is less than any of the three most valuable seats in the country: Cities of London and Westminster (\u00a378.8bn), Kensington (\u00a374.8bn) and Chelsea and Fulham (\u00a361.8bn).<\/p><\/blockquote>\n<p>That is a measure of real inequality for three reasons.<\/p>\n<p>First, some of that difference reflects the quality of housing.<\/p>\n<p>Second, a significant part of that difference access to work.<\/p>\n<p>And third, house prices do, in the UK economy, reflect ability to access capital and so opportunity to create self employed businesses of any size.<\/p>\n<p>The inequality this survey reveals does not simply represent a pricing issue. They also represent social, physical and economic inequality that needs to be addressed in the UK.<\/p>\n<p>There is a very strong case for a wealth tax in this country. This is another argument for it.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the FT reports this morning: The top 20 [parliamentary] seats by [house price] value, of which 11 are held by Conservative MPs, have property<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/01\/12\/a-new-measure-of-inequality-house-prices\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,1],"tags":[],"class_list":["post-27253","post","type-post","status-publish","format-standard","hentry","category-economics","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/27253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=27253"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/27253\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=27253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=27253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=27253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}