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[...] Top of the list is a need for a development land tax to recoup rising land values and keep markets under control, championed by luminaries from Adam Smith and Lloyd George to Churchill. [...]

This is what academics call 'ontological security', a sense of order and continuity in relation to experiences.

One of the consequences of the exodus from London is that the same pattern of property specuation and displacement is spreading to other cities such as Bristol, Hastings and Margate. And while population shifts to other towns might seem to some like a good way of rebelancing the economy, the proble…