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Previously, GLA Economics has estimated public expenditure and tax receipts in London since the late 1980s. Following new HM Treasury data for 2003/04, this note updates GLA Economics’ estimates of London’s public expenditure and taxes in 2003/04. When rounded to the nearest whole billion, London’ tax export in 2003/04 is estimated to be £1 billion - £7 billion.
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current_issues_note_5.pdf