[boygobbo]

"London’s thriving economy generates a £26.5bn surplus that is recycled by the government to provide financial help to Britain’s less well-off regions, according to an official breakdown of the public finances."

and

"Every Londoner provided £3,070 more in tax revenues than they received in public spending, while people living in the south-east ran a surplus of £1,670 per head."

https://www.theguardian.com/business/2017/may/23/uk-budget-d...

[rcarr]

Yeah, because rather than investing money in other areas, all of it goes to London. It is a self perpetuating cycle. The government could take steps and provide incentives to move industries out of London like politics, media, marketing, law, IT or finance but it rarely does so.

And that “thriving economy” is in large part to the £125 billion pounds of dirty money that is flowing through London every year, not to mention selling half of the housing stock to dodgy oligarchs. It’s a crooked city.

https://www.ft.com/video/d3bafb94-9dbd-4c1e-8016-8cd8331960f...