Here’s your starter for ten in our weekend slot where we throw up an idea or thought for debate…
Incumbent Mayoral candidate Boris Johnson has developed plans for Londoners to keep more of the tax revenue generated in the city to spend on better public services. Boris said the capital should be getting a greater return from the tax it contributes to the exchequer.
According to the Evening Standard the equivalent of £2,500 for every Londoner goes to other parts of the UK rather than being spent on public services in the capital.
Boris Johnson said that London should no longer be a “cash cow” for the regions:
London is the powerhouse of the UK economy and it is time to look at formally recognising that and make sure hard-pressed and hard-working Londoners get the benefit of their contribution.
This is despite the billions spent on Crossrail, the Olympics and the money spent on the Mayoralty itself, all of which primarily benefit the capital.
Despite saying he wasn’t looking to pick a fight with regions outside of London Boris’ plan has already caused controversy with politicians in Wales, but what do you think? Does London get a raw deal? Or is pouring more money into the capital self-defeating?