London pays almost a third of UK tax. So what?

The report found that in proportional terms, the biggest loser was Northampton, down 11.7% over the 10-year period [Image: Alamy].

The report found that in proportional terms, the biggest loser was Northampton, down 11.7% over the 10-year period [Image: Alamy].

What is this saying, exactly? That the Conservatives have invested far more into London than any other UK city?

That they have deprived the North, Wales, Scotland, Northern Ireland in order to service the capital?

Are we supposed to be grateful that income inequality has become so grossly overbalanced towards the fat cats?

I read a comment saying if £100 were shared out between 100 UK citizens, one would have £91 – and would be complaining about all the bloody socialists wanting his/her money.

This is Conservatism.

It’s what many people wanted – or said they wanted, with their vote.

Yet they seem to be oblivious to the fact that they allowed this to happen.

London has cemented its position as Britain’s number one taxpayer since the financial crash, leaving the government more dependent on the capital for its tax income. A study by the thinktank the Centre for Cities found that London generated almost as much tax as the next 37 largest cities combined and increased its share of “economy taxes” underpinning the Treasury’s finances to 30%, up five percentage points since 2004/5.

Other major cities have seen little or no growth in their tax income over the past decade. The report found that while London generated nearly 25% more tax for the exchequer adjusted for inflation, Manchester’s tax haul grew by only 1%, while it plunged in Birmingham, Glasgow and Leeds.

Source: London pays almost a third of UK tax, report finds | Money | The Guardian


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4 thoughts on “London pays almost a third of UK tax. So what?

  1. David Woods

    Might I suggest here; If the numerous multi-national companies based in London paid their full share of tax it would likely be nearer 50%!

  2. mohandeer

    Dumb and dumber are out in force again. Wages in London are far higher than elsewhere and much of the wealth in England is sited there. While other areas of England are still suffering deprivation at the hands of the Tories, it’s hardly an opportunity to brag about this daft statistic.

  3. Carl Green

    It also suggests that London is the biggest earner but negates to say it also receives the largest sums from the EU in subsidies, has poverty where people are punished by benefit cap due to horrendously high rents and Councils that partake of Social cleansing.

  4. Roy Beiley

    I agree that it is a dumb statistic with no real meaning except to tell us that it shouldn’t”t be like this. Faced with such a massively skewed distribution of wealth it is difficult to imagine how any possible incoming Labour Govt can normalise this situation within a single parliament without some draconion policies being introduced early on.

Comments are closed.