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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?
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.