Business Demography – the latest data The business demography release examines data relating to enterprises.  It excludes those working as self-employed.   1.Main pointsThe number of UK business births increased from 316,000 to 317,000 be...

www.cornwallecon.com/post/busines...

The housing crisis the real cause – the multi-causal theory There are two distinct schools of thought on why house prices go up.  So different in their underlying assumptions that they exist in parallel universes.  One is based on the question of supply or rat...

www.cornwallecon.com/post/the-hou...

The housing crisis – the multi-causal theory There are two distinct schools of thought on why house prices go up.  They are so different in their underlying assumptions that they exist in parallel universes.  One is based on the question of supp...

www.cornwallecon.com/post/the-hou...

?

Why house prices go up – the most recent evidence A recent post released under the auspices of Bank Underground, examined why house prices have increased since the mid 1990s. The authors Arno Hantzsche and Harriet Jeanes, state “Houses account for th...

www.cornwallecon.com/post/why-hou...

UK greenhouse gas emissions 2024 The Office for National Statistics (ONS) have recently released their estimates of greenhouse gas emissions for the UK.  Although all of the three categories of emission have seen a decline since 1990...

www.cornwallecon.com/post/uk-gree...

Second properties – data from the English Housing Survey Data from the English Housing Survey (EHS) (2021-2022), gives some information about the number of households in England with a second property. The data covers properties let in the rented market, ho...

www.cornwallecon.com/post/second-...

Cornwall - a paradise for the Airbnb Market but not so good for housing people! The holiday industry always portrays Cornwall as some idyllic, coastal and rural retreat.  An image which is at odds with life as lived by a lot of resident.s. “When it comes to UK staycations, Cornwa...

www.cornwallecon.com/post/cornwal...

www.cornwallecon.com/post/holiday...

Employee earnings 2025 – Cornwall compared Data recently released by the Office for National Statistics (ONS), provides details of employee earnings for the tax year ending 2025.  [The figures are provisional]. The data sets give a comparison ...

www.cornwallecon.com/post/employe...

Holiday homes in Cornwall – who uses them? Data from the 2021 census gives the number of visits to each local authority and the usual residence of the visitor.  The data for Cornwall indicates that over half of users came from two regions – So...

www.cornwallecon.com/post/holiday...

Stories or data – which approach gets the publicity? Tim Harford in his latest episode of ‘Cautionary tales’ illustrates the impact of news stories which gave the impression that trick and treat in the United States is fraught with danger due to people ...

www.cornwallecon.com/post/stories...

Holiday homes - second homes, holiday homes and holiday home visits As part of the 2021 census, the Office for National Statistics collected data on the number of second homes and whether individuals had a second address which was a holiday home.  The latter covers an...

www.cornwallecon.com/post/holiday...

www.cornwallecon.com/post/rising-...

Why property prices go up and what to do - Steve Keens take on the issue Steve Keen the renowned Australian economist has analysed house price data for the United Kingdom. The problem“House prices rose on average just 0.25% pre year faster than consumer prices between 1845...

www.cornwallecon.com/post/why-pro...

Buy to let market – steady with millennials on the up A recent report by Hamptons, a luxury estate and letting agency, gives an insight into the Buy to let market. Despite changes to taxes, they estimate that landlord purchases have remained stable at 11...

www.cornwallecon.com/post/buy-to-...

Abolishing Stamp Duty – a good sound bite but a bad policy Kemi Badenochs announcement that an incoming Conservative government would abolish stamp duty Stamp Duty Land Tax, SDLT), for all main residences may have delighted the low tax free-market supporters ...

www.cornwallecon.com/post/abolish...

[Not] A housing shortage – the fallacy behind the new towns policy The government announced the locations of 12 new towns on September 28th.  New towns are between them expected to create at least 10,000 new homes in each location. So why new towns?The government bel...

www.cornwallecon.com/post/not-a-h...

Cornwall and the three new towns The governments new towns are between them expected to create at least 10,000 new homes in each location. That’s an interesting figure.  According to the 2021 census there were 35,000 unoccupied prope...

www.cornwallecon.com/post/cornwal...

Build, baby build –a government trapped in false consciousness! The Government has announced in a MAGA style event at the Labour Party conference plans to build 12 new towns.  A policy heralded some time ago.  The assertion is that there is a housing shortage and ...

www.cornwallecon.com/post/build-b...

Land Value Tax – a policy from the past A number of commentators and lobby groups have argued that the answer to house prices, housing problems and also a fairer system of tax revenue is to introduce a Land Value Tax.  This policy was first...

www.cornwallecon.com/post/land-va...

Housing affordability – Countries, Local authorities and Cornwall Main pointshouseholds, compared with the 10% highest in England (with the average London home being more than five times the highest 10% household income). Our new modelled local authority dataset sho...

www.cornwallecon.com/post/housing...

House prices and sales – Cornwall and England compared Data released by the Office for National Statistics reveals house prices and sales for a number of years.  The data below is for the year ending March 2025.  PricesAverage prices were £290,000, rangin...

www.cornwallecon.com/post/house-p...

www.cornwallecon.com/post/househo...

Disposable household income - Cornwall Gross disposable household income (GDHI) is the amount of money that all of the individuals in the household sector have available for spending or saving after they have paid direct and indirect taxes...

www.cornwallecon.com/post/disposa...

Disposable household income - Cornwall Gross disposable household income (GDHI) is the amount of money that all of the individuals in the household sector have available for spending or saving after they have paid direct and indirect taxes...

www.cornwallecon.com/post/disposa...

Putting the cart before the horse or why taxing wealth is problematical! There is ongoing speculation about whether the government will consider introducing some form of wealth tax.  Several lobby groups have also proposed a wealth tax, as has Zack Polanski the recently el...

www.cornwallecon.com/post/putting...

Wadebridge - an urgent need for new housing? According to a news report on 2nd September, “One of Cornwall’s leading developers has submitted its plans to deliver hundreds of much-needed homes for the county.” [Cornish Times]. This application i...

www.cornwallecon.com/post/wadebri...

The governments housing targets – putting the pressure on councils! In July 2024 the government introduced new housing targets.  Overall the objective is for a total of 1.5 million over a four-year period or 375,000 per annum. The rationale was that there is a housing...

www.cornwallecon.com/post/the-gov...

Newquay – lessons learned? So what can we learn from the growth of Newquay?  To recap, Newquay has seen a dramatic growth in housing and population. It is spreading out over adjacent farmland, eating up a valuable resource.  A ...

www.cornwallecon.com/post/newquay...