London's Links: Who Benefits From London's Success?
Author: Paula Lucci and Patricia SeexDate: 12/11/2007
There is no doubt that London plays an important role in the UK economy, and has been a key driver of economic growth. But how much of London’s recent economic growth spills out to other parts of the UK? This report explores the extent to which a strong London benefits other cities and regions – looking at economic links like flows of migrants, commuters, trade, and tax. Using a wide range of evidence, the report finds that London’s success primarily benefits the Greater South East – and that the biggest economic link between London and other regions is trade in goods and services, rather than redistribution of tax revenues.
