Wednesday 19 February 2014

London Sucks Wealth Out Of Britain

Aditya Chakrabortty wrote in The Guardian

"At the end of 2011, the IPPR North think tank totted up the government's transport projects until 2015. Londoners enjoyed public investment of £2731 per head; the northeast recieved just £5..... Of the 657 UK firms involved in public/private partnership deals, 75% operated out of London and the southeast between 2004 and 2012."
Reported in MoneyWeek 14/02/14.

It is no coincidence that London is the center of British politics and receives the benefits noted above. If political power was implemented through Interactive Democracy we could see a far more equitable distribution of investment, given that the majority live away from London.

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