@JaniceBattersby the london economy subsidizes the rest of the UK.
www.theguardian.com/business/2017/may/23/uk-budget-deficit-grows-to-more-than-10bn-as-people-spend-less
Every Londoner provided £3,070 more in tax revenues than they received in public spending, while people living in the south-east ran a surplus of £1,670 per head. The east of England turned a small deficit in 2014-15 into a surplus of £242 per head in 2015-16.
By contrast, spending exceeded tax revenues by £5,440 per head in Northern Ireland and by £3,820 in the orth-east. Scotland, which has seen its public finances badly affected by the plunge in global oil prices, ran a deficit of £2,830 a head.
We don't complain about our tax money supporting the rest of the country. It is not workable in large swathes of london for many to have cars. In my area, they are making every street into a controlled parking zone. Also one reason why we can afford to pay more for housing in London is because many of us do without a car. When I was comparing between living in London vs the SE Home Counties, I realized that living in London was cheaper as the cost of running 2 cars and rail costs was equivalent to an extra £190k in mortgage.
Making london poorer doesn't make the regions richer. On the contrary, it makes the whole of the Uk poorer as there is less tax revenue to fund the rest of the UK.
Its like how a lot of Brexiters thought that voting brexit would mean that london would become much poorer than the regions. This graphic released 6 days ago reflects the state of the uk economy- while the UK economy has shrunk 10% (worse than greece AND italy) since the pandemic, london has only shrunk 2% in comparison so fairly decent compared to most countries in the world.