London still generates more than twice the tax revenue than the entire Northern Powerhouse

Brian Semple writes in CityMetric about our new report Mapping Britain's Public Finances, and what it reveals about London's contribution to the Exchequer.

Press release published on 17 July 2015

London’s relentless growth is often viewed in vaguely apocalyptic terms. The British capital has been described as a “dark star of the economy, inexorably sucking in resources, people and energy”. Or, if you prefer, a “giant suction machine, draining the life out of the rest of the country.”

But while received wisdom tends to see London’s growth as A Bad Thing for the rest of Britain, our new report,  Mapping Britain’s public finances, makes it clear that other parts of the country are also benefitting from the vast tax revenues generated by the capital.

Read the rest of the article on CityMetric.

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