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by lukiebriner 3984 days ago
It is a self-feeding problem in London. It attracts job so massive government investment is made, which attracts more people but also pushes prices up so high that we need to give benefits to certain people who can't afford to live there.

If investment was made to comparable levels in any of the 10 or more other large cities in the UK so companies don't feel the need to work in London, perhaps we would solve productivity without producing a Mega-city.

It sounds easy and I know there are loads of bureaucratic hurdles and it doesn't help that local councils don't always want the change that is needed in their nice cities to create the influx of jobs...

1 comments

It's not just about the wealth added to private land holders via public investment. It's about loose credit from banks plus the fact that London is a great place to wash dirty money via property.

http://www.independent.co.uk/news/uk/home-news/london-proper...

Also why do we "need" to give housing benefits to people? They don't go to people they go to landlords who have set their prices higher than the market can bear.

I'm afraid I disagree with you - the jobs aren't paying for the cost of land. The state, corruption and printing money via land are. And without it all the UK economy would have collapsed.

They will never try to stop the cheap money and money laundering.