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Cross Rail needs another 450 million


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29 minutes ago, Trampa501 said:

With the huge reduction in commuter traffic, suppose it never gets opened? What can we use those tunnels for? 

Like HS2.......the fares would have to be huge to cover the cost of construction......work from home.😉

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2 hours ago, FANG said:

Yeah lets keep funding London and Feck the rest of the UK.

According to the ONS, London funds just about everywhere else, in 2018 this "gift" to the nation amounted to a huge £34bn or £3,905 per head.

The interesting question is what happens when London has to stop funding the rest of the UK. Some of the regions make Scotland look like a going concern.

Edited by Confusion of VIs
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22 hours ago, FANG said:

Yeah lets keep funding London and Feck the rest of the UK.

To be fair all the cost overruns so far have been paid for by London businesses, developers and fare payers - to fund the extra borrowing taken out by the Mayor.

You can argue whether those taxes raised in London could have been reallocated to projects up north -  but Londoners and businesses are picking up the bill.

Just one London borough out of 33 - Westminster - generates more business rates income to fund local services in England than the nine largest city councils outside the capital combined! That’s how dependent we are on central London property taxes to fund social care or fire services or roads or leisure services across the whole of England etc.

What happens when the cash cow isn’t producing the milk anymore?

 

Edited by MARTINX9
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4 minutes ago, MARTINX9 said:

To be fair all the cost overruns so far have been paid for by London businesses, developers and fare payers - to fund the extra borrowing taken out by the Mayor.

You can argue whether those taxes raised in London could have been reallocated to projects up north -  but Londoners and businesses are picking up the bill.

Just one London borough out of 33 - Westminster - generates more business rates income to fund local services in England than the nine largest city councils outside the capital! That’s how dependent we are on central London property taxes to fund social care or fire services or roads or leisure services across the whole of England etc.

Fair dues......it is the people that make a place........in the case of London it is not only the people that live and work there, but also the money it attracts from the rest of the world, the people have benefited from that.......so what if the people have decided to move or move their money?.....😉

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On 22/08/2020 at 14:33, winkie said:

Fair dues......it is the people that make a place........in the case of London it is not only the people that live and work there, but also the money it attracts from the rest of the world, the people have benefited from that.......so what if the people have decided to move or move their money?.....😉

How much of this is laundered money or proceeds of crime. But I guess that is irrelevant. 

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3 hours ago, FANG said:

How much of this is laundered money or proceeds of crime. But I guess that is irrelevant. 

You should watch the new film tenet.

All about a London Russian criminal oligarch who sends his kid to a posh school in Hampstead and literally wants to destroy the entire planet and end all life - and yet we let that sort of person buy a house here!!

Edited by MARTINX9
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  • 416 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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