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Kevin Cahil's "The Killing of Cornwall" was a magazine article, published once in "Business Age magazine", the magazine subsequently went bust. (Read into that what you will, a business magazine going bust?)
The article claims that Cornwall pours £300 million more into the national coffers than it receives.
It also claims that for every pound a Cornish person puts into the bank, the bank keeps 30p for itself.
Cahill claims that "insurance agencies and the banks are bankrupting Cornwall".
"5.2.1 all but completely explains the increasing pace of impoverishment in Cornwall. That and the banks and insurance companies. On the back of the government take, the insurance companies absorb about £200 million of Cornwall’s capital each year and most of them put nothing at all back by way of investment. The banks and building societies soak up what is left of Cornwall’s inadequate capital and at most put back 70 pence for every £1 they take in deposits. "
http://www.landpolicy.co.uk/entry.php?eid=19
Funnily enough, this article cannot be produced on C 24, despite it being referenced continually as evidence of the way that "Westminster" is bankrupting Cornwall.
There are no online versions of it, although one site does refer to it.
Masterclass even went to the Bodlean Library to try and access it, he was told there are no copies available.
Here is what F-L-B has posted on Wiki, and many other sites.
In The Killing of Cornwall, he notes that the London Treasury extracts £1.95 billion in taxes out of Cornwall's GDP of £3.6 billion. The Treasury returns less than £1.65 billion, so there is a net loss to Cornwall of 300 million pounds, where the total earnings figure is 24% below the national average. Cornwall is getting poorer by the day, and Cahill offers this explanation: One very simple and easily provable answer is because the Government in London is raping Cornwall fiscally. The fiscal deficit of over £300 million all but completely explains the increasing pace of impoverishment in Cornwall.
The figures bandied about on C 24 range from 300- 600 million, depending on who post.
These figures are taken as gospel by the nationalists, despite them having no evidence whatsoever of how they were calculated.
John.
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