Here's a sound five bedroom house, with off-street parking, decent sized gardens for the kids to play in and close to the city centre and hospital - yours for £132,500. There's only one drawback; it's in Middlesbrough.
It's always come as something of a surprise to Labour that Britain's economy is still not homogenous. When they introduced the national minimum wage, they applied the same threshold across the nation. But the distorting effect of intervention at the lower end of the labour market is as nothing to the effect on the public sector.
By imposing national pay scales in the NHS, local authorities and civil service, Labour have inflated the net worth of public sector workers in areas of the country with low land values by tying them to rewards calculated more correctly for those in areas with high land values. London weighting, which I think is about £2k a year, is becoming more irrelevant as living costs in the South East generally remain stubbornly high.
If you're a nurse, or a teacher, why wouldn't you want to move out of London to Middlesbrough? Apart from losing London weighting, you'll probably move to a higher-paid post anyway, as most people do. No wonder the public sector are the new elite in the NE and NW Labour heartlands, areas that take billions in taxes from London and the South East to support this distorted economy.
National pay grades and scales must be scrapped if Cameron is to rebalance the economy fairly; as must the national minimum wage. Local Wages Councils can set local minimums county by county if so desired, though perhaps few would be foolish enough to do so.
London and the South East is overpaying tax; reducing the economic distortions built-in by Labour will ease their burden, allow markets to operate freely and improve national competitiveness. You know it makes sense.