Deprivation and Poverty
The official measures of deprivation and poverty at district and 'sub-ward' level show that there is great variation in poverty and prosperity in Cornwall with some areas among the poorest in England and others are among the top half in prosperity. For example, the ranking of 32,482 sub-wards in England in the index of multiple deprivation ranges from 749th (part of Camborne) to 30,387th (Latchbrook South), where the lower number represents the greater deprivation. See also: Deprivation in Cornwall
In the October 2001 Business Age magazine, Kevin Cahill, an author and investigative journalist for the Sunday Times, wrote about the economy of Cornwall. In The Killing of Cornwall, he noted that the London Treasury extracted £1.95 billion in taxes out of Cornwall's GDP of £3.6 billion, but returned less than £1.65 billion, causing a net loss to Cornwall of 300 million pounds, where the total earnings figure is 24% below the national average. Cahill said that this "completely explains the increasing pace of impoverishment in Cornwall" and noted that Cornwall would not recover until the gap between the tax 'take' and the Government's 'give' is at least neutralised and better still, reversed.
Read more about this topic: Economy Of Cornwall
Famous quotes containing the words deprivation and, deprivation and/or poverty:
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“Clever people are never credited with their follies: what a deprivation of human rights!”
—Friedrich Nietzsche (1844–1900)
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