London bankrolls the UK – and that’s not healthy
NOVANEWS
By: David smith
Today I want to talk about something — based as always on statistical fact — that is guaranteed to raise the hackles. If you live in London and the southeast you will be even more convinced that your taxes are subsidising the ne’er-do-wells in the Midlands, the north of England, Scotland, Wales, Northern Ireland and even parts of the south.
If, on the other hand, you live in those other regions and countries, you will be confirmed in your view that the UK economy is dangerously London-centric and tilted towards the gilded south-eastern corner of the country, a situation that urgently needs tackling.
The figures, from the Office for National Statistics and released a few days ago, show that in 2017-18, the latest fiscal year for which this kind of detail is availab...