No money for projects outside of London

[adam cool dude]

The national average GDP per capita is about the same as Alabama even if you include London/SE

(If London did not exist and you're redistributing London throughout the UK, all you'd be doing by redistribution is to move the red line upward to the blue line)

What I am saying is that if London was more redistributed across the country I would think the national average would actually go up as there would be plenty more room for growth.

To grow London as it is now is extremely expensive and is becoming increasingly saturated. Just look at HS2. To grow other parts of the country would result is bigger growth than just focusing on London because it would be cheaper.

Take someone in London spending 2 grand a month on a mortgage. If you had a London paying job up North paying the same with a mortgage cost of just 1k. That person has an extra 1k that could be spent on local trades and businesses. Booming the area.

 

[b0rn2sk8]

That’s not how that would work, the cost of the mortgage in the north would rise substantially due to supply and demand.

 

[Hagar]

Well this was not the ray of positivity I was hoping for with the morning cuppa (not sure why I chose GD for this....)

Can only echo the sentiments in here, did get a few laughs to be fair. Perhaps the title should just be "Country has no money"
Just seems to have got worse over time with brexit putting the boot in as well.

This country bas an operating budget of circa 1.3 trillion pounds, 1300 billion pounds. To miss an open goal and provide manufacturing jobs in Liverpool with one of Britain's largest companies is deplorable and heads should roll.

Growth, my ****..

 

[adam cool dude]

That’s not how that would work, the cost of the mortgage in the north would rise substantially due to supply and demand.

Yeah most likely but with a massive divide in everything you wouldn't have housing costs anywhere near comparable to London.

 

[MichaelAwkward]

If you had a London paying job up North paying the same with a mortgage cost of just 1k. That person has an extra 1k that could be spent on local trades and businesses. Booming the area.

That's not how it works though - an employer isn't going to pay the same salary to someone in a cheap part of the country as they have to in London if they can get away with not doing so. And if they did, you'd have growth quicker than house building/infrastructure building could cope with resulting in higher costs meaning the person isn't saving £1k again. Supply and demand works both ways.

 

[b0rn2sk8]

Given how tight the supply of housing is across the entire country, it’s only going to take a small increase in demand in a locality to send prices rocketing.

Likewise some areas ‘down south’ which are within commuting distance of London are not actually that expensive. It’s cheaper where I live than a lot of places ‘up north’ and I have a mainline train to London.

The south east isn’t expensive because of London, it’s expensive because it’s close to London and has fantastic access to mainland Europe so there is a lot of economic activity in that area. Who’d have thought access to Europe was important, oh wait…

By contrast, the area I live has similar access to London and thus it’s a lot cheaper.

 

[Dis86]

Given how tight the supply of housing is across the entire country, it’s only going to take a small increase in demand in a locality to send prices rocketing.

Likewise some areas ‘down south’ which are within commuting distance of London are not actually that expensive. It’s cheaper where I live than a lot of places ‘up north’ and I have a mainline train to London.

The south east isn’t expensive because of London, it’s expensive because it’s close to London and has fantastic access to mainland Europe so there is a lot of economic activity in that area. Who’d have thought access to Europe was important, oh wait…

By contrast, the area I live has similar access to London and thus it’s a lot cheaper.

Well that's nonsense. If only the NE didn't have some sort of international airport(s). Or maybe ferry terminals? I fly direct to Europe at least twice a month. If I ever need a connecting flight, none of them go through London or the SE. Our shipping line ships direct from Newcastle to...ah yes, European ports. The goods are produced in the North, it's cheaper to send them via the North due to shorter shipping distances. It has absolutely nothing to do with access to mainland Europe.

 

[b0rn2sk8]

Well that's nonsense. If only the NE didn't have some sort of international airport(s). Or maybe ferry terminals? I fly direct to Europe at least twice a month. If I ever need a connecting flight, none of them go through London or the SE. Our shipping line ships direct from Newcastle to...ah yes, European ports. The goods are produced in the North, it's cheaper to send them via the North due to shorter shipping distances. It has absolutely nothing to do with access to mainland Europe.

How is it nonsese, it’s geographic reality.

Airports are all well and good but you can’t put a lorry on a plane.

It takes 90 mins to get to France on the ferry from Dover and under 3 hours from a bunch of other south east ports. It’s 35 mins on the tunnel. You can also go to Belgium, Spain and the Netherlands on regular ferry services.

To get from Hull to Rotterdam it takes 11.5 hours, it’s 17 hours from Newcastle to Amsterdam on services which are measures in crossings per week not crossings per day.

Time is money.