London's Taxes Prop Up The Rest Of The Uk: One Pound In Every Five Earned In The Capital Funds The Rest Of The Country

[CrashedOutAndBurned]

It's not just economically that London sucks the life out of the UK. Culturally, any mediocrity, be it art, theatre, music gets cachet because it's happening in London.

Remember when a cool band might come from Manchester, Wigan, Hull or Bristol? Now if it's not an electro indie hipster band from the capital it won't be heard.

[@contradevian]

'...earned by Londoners'.

Really??

That's funny because as a Northerner who has on a number of occasions worked in London I'd never consider myself a Londoner. Actually how many people who work in London are actually Londoners?

How many are even British?

[Saving For a Space Ship]

Without our money all banks would have collapsed.

'All your banks are belong to us'

[RichB]

How many are even British?

Northerners? Not sure, but it's got to be quite a few.

Edited February 13, 2012 by RichB

[The_Answer]

54,000 Londoners pay more in income tax than the 5.2 million residents of scotland according to HMRC.

http://www.hmrc.gov.uk/stats/income_distribution/table-3-11-feb2010.pdf

[SNACR]

The vast majority of head offices are in London. The financial centre is in London. The media is centred around London. Politics is centred around London. Ambitious graduates flock to London. All of these factors mean that London 'generates' the most tax revenue. It is not that London subsidises the rest of the country, it is that London sucks economic value out of the rest of the country and as a result 'pays' more tax back.

Yes, I think that London, rather than being the beating economic heart of the country, is an economic vortex sucking the money out.

I also suspect a great many housing benefit recipients there, in reality, provide a lot of the unskilled workforce. Prices for goods and services there are higher but not nearly enough pro-rata for the cost of living increase versus the rest of the UK.

I do wonder if more government ministries ought to also be moved outside London so the ordinary taxpayer doesn't suffer a London property bubble surcharge for each Whitehall bureaucrat they fund.

[winkie]

54,000 Londoners pay more in income tax than the 5.2 million residents of scotland according to HMRC.

http://www.hmrc.gov.uk/stats/income_distribution/table-3-11-feb2010.pdf

....if you are new to London, so not established with a home, network and contacts built up over many years you will have to earn far more money therefore pay more taxes to live a life similar or better life than elsewhere......the more you earn the more you pay....because you earn more doesn't mean your life is any better or happier for it.

[daddybear]

Yes, I think that London, rather than being the beating economic heart of the country, is an economic vortex sucking the money out.

I also suspect a great many housing benefit recipients there, in reality, provide a lot of the unskilled workforce. Prices for goods and services there are higher but not nearly enough pro-rata for the cost of living increase versus the rest of the UK.

I do wonder if more government ministries ought to also be moved outside London so the ordinary taxpayer doesn't suffer a London property bubble surcharge for each Whitehall bureaucrat they fund.

I have been saying this for a long time London & the South East is sucking resources out of the rest of the UK. This has got to tipping point now with overcrowding and water shortage everyone who is complaining about those things and size of taxes and immigration ought to be campaigning for a redistribution of economic activity across the UK.

It would save an awful lot of money in tax and expenditure

Added to that this

http://www.reuters.com/article/2012/01/24/us-britain-parliament-leaning-idUSTRE80M1IK20120124

parliament sinking and we have an opportunity to create a new seat of government in say Birmingham or regional parliaments and a smaller house of representatives say fifty meeting in London

[Krackersdave]

I can't be arsed reading throught his thread but I take it the higher level of tax income in London is down to all UK corporation tax being paid there?

[Krackersdave]

Ooooh look - Scotland is neutral - quelle surprise - another Brit Nat lie bites the dust. So much for subsidised by England eh?

Now then - is all the oil tax counted in Londons numbers or Scotlands??

[The_Answer]

Ooooh look - Scotland is neutral - quelle surprise - another Brit Nat lie bites the dust. So much for subsidised by England eh?

Now then - is all the oil tax counted in Londons numbers or Scotlands??

According to the snp dodgy GERs report which allocates to scotland things like 8.4% of Air Passenger Duty raised at Heathrow airport and UK oil + gas and 8.6% of stamp share tax from the London stock exchange:

£48 billion revenue

£62 billion expenditure

glad to help.

[Krackersdave]

According to the snp dodgy GERs report which allocates to scotland things like 8.4% of Air Passenger Duty raised at Heathrow airport and UK oil + gas and 8.6% of stamp share tax from the London stock exchange:

£48 billion revenue

£62 billion expenditure

glad to help.

You didn't help at all - GERS does not include all the tax income included in these numbers.

Try better.

[erranta]

54,000 Londoners pay more in income tax than the 5.2 million residents of scotland according to HMRC.

http://www.hmrc.gov....-11-feb2010.pdf

If they couldn't charge ordinary 5.2 million (protected against competition and by firearms) huge bank fees, credit card fees and skim excessive cash+fees off their collective pensions

and shift £100's millions from bank to bank skimming off fees each time, skimming more off collective insurance

They would not have the cash to play or pay with!

Just to prove this

The Cons ie Osbourne has to threaten the Bankers with punative legislation on their annual Bonus Back-slapper process if they don't meet lending targets to small business.

Shows they don't give a damn about supporting business whom they squeeze Trillions ££'s in interest and business bank charges in the good times

Edited February 13, 2012 by erranta

[The_Answer]

You didn't help at all - GERS does not include all the tax income included in these numbers.

Try better.

Name 1 tax not included in the dodgy fantasy snp GERs report?

take your time......

[Krackersdave]

Name 1 tax not included in the dodgy fantasy snp GERs report?

take your time......

You've not read that report properly have you? You do know that 24.1bln in the expenditure is actually a UK cost generated in Westminster right?

Including a percentage of the fecking Olympics because two fecking footy matches will be up here so we get lumped with 9% of the total cost of the fecking event despite any person seeing that 100% of the benefit is for London...

Then there's WMD's.... Illegal wars to pay for.... Carriers with no planes and Type 45's with defunct French missles to pay for...

All adds up eh?

On the plus side - with luck we won't be paying for that type o' shite much longer...

Edited February 13, 2012 by Krackersdave

[The_Answer]

Including a percentage of the fecking Olympics because two fecking footy matches will be up here so we get lumped with 9% of the total cost of the fecking event despite any person seeing that 100% of the benefit is for London...

All adds up eh?

On the plus side - with luck we won't be paying for that type o' shite much longer...

scotlands contribution to the olympics as per GERs = £0.00 , zero

The Scottish Government published a discussion paper in May 2011 proposing a number of

changes to the treatment of the expenditure on the London Olympics and Commonwealth Games

in GERS to more accurately capture the benefits accruing to Scotland from this expenditure.

As a result of this consultation the following changes have been made to the data in PESA 2011

before being used in GERS:

• All capital expenditure associated with the Olympics has been assigned to London, on the

basis that this will capture the lasting benefit to the city of the infrastructure and

regeneration associated with the games.

• Current expenditure on the Olympics has been assigned across the countries and regions

of the UK using the projected regional distribution of the associated increase in tourism

expenditure.

• All current and capital expenditure associated with the Commonwealth Games continues

to be assigned to Scotland.

These adjustments reduce the estimates of Scottish public sector expenditure by £92 million in

2008-09 and £91 million in 2009-10, as summarised

glad to help!

[Krackersdave]

scotlands contribution to the olympics as per GERs = £0.00 , zero

The Scottish Government published a discussion paper in May 2011 proposing a number of

changes to the treatment of the expenditure on the London Olympics and Commonwealth Games

in GERS to more accurately capture the benefits accruing to Scotland from this expenditure.

As a result of this consultation the following changes have been made to the data in PESA 2011

before being used in GERS:

• All capital expenditure associated with the Olympics has been assigned to London, on the

basis that this will capture the lasting benefit to the city of the infrastructure and

regeneration associated with the games.

• Current expenditure on the Olympics has been assigned across the countries and regions

of the UK using the projected regional distribution of the associated increase in tourism

expenditure.

• All current and capital expenditure associated with the Commonwealth Games continues

to be assigned to Scotland.

These adjustments reduce the estimates of Scottish public sector expenditure by £92 million in

2008-09 and £91 million in 2009-10, as summarised

glad to help!

Again - no help - those are proposed changes for 2010 onwards...

No similar helpful statement on WMD's, illegal wars and pointless MOD spending on useless weapons..?

Edited February 13, 2012 by Krackersdave

[The_Answer]

[quote name='Krackersdave' timestamp='1329176838' post='3260709'

Again - no help - those are proposed changes for 2010 onwards...

Not proposed

The Scottish Government published a discussion paper in May 2011 proposing a number of

changes to the treatment of the expenditure on the London Olympics and Commonwealth Games

in GERS to more accurately capture the benefits accruing to Scotland from this expenditure.

As a result of this consultation the following changes have been made to the data in PESA 2011

before being used in GERS:

• All capital expenditure associated with the Olympics has been assigned to London, on the

basis that this will capture the lasting benefit to the city of the infrastructure and

regeneration associated with the games.

• Current expenditure on the Olympics has been assigned across the countries and regions

of the UK using the projected regional distribution of the associated increase in tourism

expenditure.

• All current and capital expenditure associated with the Commonwealth Games continues

to be assigned to Scotland.

These adjustments reduce the estimates of Scottish public sector expenditure by £92 million in

2008-09 and £91 million in 2009-10, as summarised

http://www.scotland.gov.uk/Resource/Doc/352173/0118332.pdf

what was you saying about scotland contributing 9% to the London olympics?

you need to go and play back on newsnet - they believe anything posted there except the truth

[jammo]

Actually how many people who work in London are actually Londoners?

And how many Londoners are in work? 1 pound in every 5 is not coming from all those Londoners that are not working at all.

Maybe we need to be specific here. 1 in 5 pounds are generated by a finite group of people who work in London, and some of which may even know up to 5 cockerney rhyming slangs, making them kosher (or halal) Londeners!

[RichB]

Again - no help - those are proposed changes for 2010 onwards...

No similar helpful statement on WMD's, illegal wars and pointless MOD spending on useless weapons..?

So, are you saying that no scotchmen/women are employed by the forces or their supporting agencies? None out there in the air or on the ground? Really?

[porca misèria]

Look at London against the rest of the UK as the same as Germany against the rest of the Euro Zone.....where there is a credit there has to be a debt to compensate.

Not the same.

Germany generates lots of wealth for the right reasons: investment, productivity.

London's wealth comes on the back of public spending: the seat of parliament and all the top of the civil service is what draws in all the highest-value businesses. There's a chicken-and-egg with all the transport links.

Oh, and the City.

[porca misèria]

The centerization effect argues for more devolution. The EU moves the centre away from the UK. The Germans are only too happy to see eastwards expansion because it centralizes them. After all who will build a head office on an offshore island, the UK becomes like Cornwall. If you were to build a distribution centre, assuming equal population distribution, you would place it smack bang in the middle to minimise paths. This alters when population density varies such as London skewing it the SE.

Lots of US companies put their EU headquarters in Ireland. English-speaking, Euro-friendly, makes a strong argument.

[porca misèria]

parliament sinking and we have an opportunity to create a new seat of government in say Birmingham or regional parliaments and a smaller house of representatives say fifty meeting in London

Would be a huge mistake! Parliament should be a virtual organisation, allowing each MP to live and work in the constituency (s)he purports to represent. Not another dinosaur.

[porca misèria]

I can't be arsed reading throught his thread but I take it the higher level of tax income in London is down to all UK corporation tax being paid there?

Wouldn't be surprised if my tax shows up as paid in London, 'cos of where my employer's UK admin office is located.

[spyguy]

Wasn't it mostly the scottish and northern banks that needed bailing out?

Speaking of which, better hide this quickly before the scotch nationalists come out to play.

Sort of.

The biggy was AIG financial product.

Lodnon did loads of CDS.

We are still waiting for those chickens to roost - witness the nervousness about letting Greece default.