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The relationship between house prices and UK income has significantly changed over the past 75 years. This article explores the historical trends in house price-to-income ratios, providing insights into how affordability has evolved in economic shifts, policy changes, and societal factors.
For most of Britain's Parliament’s history, MPs weren’t paid and instead relied upon a private income or the patronage of local landowners/gentry to be able to afford to be an MP. It was only in 1911 that MPs received a salary for the first time...
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