An article in The Times today reports that "the deteriorating employment outlook is emphasised by a survey today from the Royal Bank of Scotland, which suggests that numbers in work fell in every region of the UK last month, and at the fastest rate since late 2001, as most parts of the country suffered a fall in economic activity. The steepest falls in employment levels were in Wales, the North East and the South West, with the jobs market holding up best in the South East, according to the monthly RBS regional purchasing managers' survey."

Much of the theory behind land value taxation is blindingly obvious

An article in the Sunday Telegraph accuses Prime Minister Gordon Brown and Chancellor Darling of reverting to a default Keynesian option.

One of the commentators says that he does not recall an economist who forecast the bust. Regular visitors to this site will know, of course, that as long ago as 2005, Fred Harrison, wrote a book called "Boom Bust: House Prices, Banking and the Depression of 2010". He also accurately forecast the 1991 recession long before it happened. Harrison has identified 18 year cycles going back to about 1800, and their cause and frequency is due to the interaction of the banking system with the land market.

"Foundations of bricks and mortar boom are shifting" announces another article on the drop in house prices. This one is in The Times. However, too much notice should not be taken of particular sets of results, as the different indices are collected in different ways giving slightly different pictures. The Financial Times has an article explaining why the various sets of data do not agree; the FTs figures indicate that in some parts of the country, notably Greater London, prices continue to rise.

Unfortunately, nobody outside of the LVT movement seems to understand that these price movements are really movements in in land prices; they all refer to house prices, often to "Bricks and Mortar", which is exactly wrong.