Growing Together II: London and the UK economy

• London’s success is positive for the UK as a whole.
• Constraining London’s growth (through reduced infrastructure expenditure for example) will reduce UK growth and threatens London’s international competitiveness – most likely benefiting other countries (not the rest of the UK).
• Attempts to ‘share out’ London’s business activities across the UK, by whatever means, would most likely lead to businesses losing the benefits of locating in London; as a result they’d likely relocate to another international city – not the rest of the UK.

Nb The latest version of this report was published after 2pm on 1 October 2014.