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 thecapital 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.
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