London pays 1/3 of UK taxes

drakioned · 7 Jul 2016 at 10:31

Seems excessive somehow.

https://www.theguardian.com/money/2016/jul/07/london-top-taxpaying-city-uk-report

This rebalancing that our government is suppose to be doing is really going well, and London's going to do really well out of this Brexit.

RaohNS · 7 Jul 2016 at 10:32

And according to a report receives 44% of all UK funding if PMQs are still telling the truth?

Six6siX · 7 Jul 2016 at 10:37

Well, yeah.

More money, more taxes

VincentHanna · 7 Jul 2016 at 10:39

The home of one of the biggest financial services sectors in the World pays lots of tax? Who would have thought!

dowie · 7 Jul 2016 at 10:50

what, but they're all evil bankers, surely the public at large (and especially Guardian readers) want bad things to happen to these evil parasitic bankers, I mean they don't do anything useful after all do they?

Diddums · 7 Jul 2016 at 10:53

Face it England, we're your bread and butter

Jono · 7 Jul 2016 at 10:54

Diddums said:
Face it England, we're your bread and butter

Jellied Eels, surely. Nasty, horrid, slimy things

Dis86 · 7 Jul 2016 at 11:05

Slightly inaccurate. How much of that tax is actually generated there?
My company for example has its office registered in London but no actual work is done there. However that is where our tax will be paid.

=XDC=FluphyBunny · 7 Jul 2016 at 11:08

Diddums said:
Face it England, we're your bread and butter

Its worse than we thought, our future is in Diddums hands ! :eek:

Mr Badger · 7 Jul 2016 at 11:13

dowie said:
but they're all evil bankers

Jono said:
Nasty, horrid, slimy things

=XDC=FluphyBunny said:
Its worse than we thought

You guys are harsh!

Tunney · 7 Jul 2016 at 11:14

London generates the most tax in a London-centric economy? You don't say.

KillBoY_UK · 7 Jul 2016 at 11:19

Pays 1/3 the taxes but gets 24-44+ times (depending on the sector) the infrastructure spending....... Northen powerhouse my ass Mr Government

Puzzled · 7 Jul 2016 at 11:21

Think how much more it would be if they paid the correct amount of tax.

Glaucus · 7 Jul 2016 at 11:22

KillBoY_UK said:
Pays 1/3 the taxes but gets 24-44+ times (depending on the sector) the infrastructure spending....... Northen powerhouse my ass Mr Government

most densely populated area of the uk gets the most infrastructure spending. what a surprise.
its not like the north doesn't get anything, several of the big cities up north have good public transport as they are big enough to justify it.

it makes no sense at all to equally spread out spending on infrastructure, and I don't even live in London.

platypus · 7 Jul 2016 at 11:29

KillBoY_UK said:
Pays 1/3 the taxes but gets 24-44+ times (depending on the sector) the infrastructure spending....... Northen powerhouse my ass Mr Government

And there is no interest to change things unfortunately.

I'd like to see other cities get the same level of spending on cycling infrastructure for example. Those CSHs are a step in the right direction.

wordy · 7 Jul 2016 at 11:42

Mr Badger said:
You guys are harsh!

But fair!

DiscoDave · 7 Jul 2016 at 11:50

I don't think this is overly shocking..

KillBoY_UK · 7 Jul 2016 at 11:50

Glaucus said:
several of the big cities up north have good public transport as they are big enough to justify it.

I agree with you to a point buy 24-44 times per head spending difference is not good you have to admit. I see night and day defences between the likes Oxford and London and the northern (and beyond citys where I used to live and work and where family are, I’m talking about Manchester on the better end of things to Leeds/Bradford, Dundee/Glasgow etc.

Population density does not always link up with infrastructure spending, Oxford for example (and surrounding area) is small and not as population dense as London but has way better transportation links/service, internet speeds and other services then for example than Leeds/Bradford and surrounding areas.

Keeping infrastructure spending so low outside of London is not going to making the country more balanced and just fuels the divide between the south east and everywhere else in UK. Which in turn makes London's issues of overpopulation and lack of housing even worse as more people are forced to the south east where the jobs are especially skilled jobs are.

leaskovski · 7 Jul 2016 at 11:52

VincentHanna said:
The home of one of the biggest financial services sectors in the World pays lots of tax? Who would have thought!

Soon to be former. Bye bye banking passport.

KillBoY_UK · 7 Jul 2016 at 11:53

platypus said:
And there is no interest to change things unfortunately.

I'd like to see other cities get the same level of spending on cycling infrastructure for example. Those CSHs are a step in the right direction.

I know sadly

but its nice to see more of the BBC operations in the likes of Manchester, hopefully others will do something similar over time but again you need good transport and internet infrastructure at the very least.