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2012-12-18

The Guardian: "High house prices? Inequality? I blame the Normans"


One in the eye for The Guardian

"I have come to a slightly disquieting conclusion: we are still being governed by Normans.

"Take house prices. According to the author Kevin Cahill, the main driver behind the absurd expense of owning land and property in Britain is that so much of the nation's land is locked up by a tiny elite. Just 0.3% of the population – 160,000 families – own two thirds of the country. Less than 1% of the population owns 70% of the land, running Britain a close second to Brazil for the title of the country with the most unequal land distribution on Earth.

"Much of this can be traced back to 1066. The first act of William the Conqueror, in 1067, was to declare that every acre of land in England now belonged to the monarch. This was unprecedented: Anglo-Saxon England had been a mosaic of landowners. Now there was just one."

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