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It is where most of the economic activity is. Many parts of the UK are poor.
by hmmmmmmmmmmmmmm 8mo ago
It is where most of the economic activity is. Many parts of the UK are poor.
- nickdothutton 8mo agoOne of the most interesting government charts (to me at least) is the "Net fiscal balance by geographic region" one from the ONS[1] (Figure 8). Spoiler: London and to a much lesser extent, the SE, are the only regions with positive net fiscal balance at all. A sorry state of affairs. [1]https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/articles/countryandregionalpublicsectorfinances/financialyearending2023 https://www.ons.gov.uk/economy/governmentpublicsectorandtaxe... Figure 8.
- graemep 8mo agoThat is not really measuring things like quality of life etc. It just shows tax payments are higher (because incomes are higher, property is worth more, and lots of companies that operate nationally, or even internationally, are registered with London addresses) by more than government expenditure is higher. Someone living outside London might have a lower income but also have much lower expenses (especially rent or mortgage payments, but lots of other things).
- nickdothutton 8mo agoCertainly. Indeed the trick is to wrangle London wages while based somewhere with less crime, more trees, a pollution-free waterway, and less traffic! Edited for typo.
- robtherobber 8mo agoThe dream.
- penteract 8mo agoMany people move to London when they want to make money, and move out when they want to do anything else. Pretending that London is independent of the rest of the country's children and retirees is misleading. https://trustforlondon.org.uk/data/population-age-groups/ https://trustforlondon.org.uk/data/population-age-groups/