A report by the Centre for Cities emphasises the importance of London to the UK. It claims 30% of all UK tax revenues are raised in the city and between 2004/5 and 2014/15 the amount increased by £28Bn while tax generated from other cities like Birmingham, Glasgow and Leeds declined (HERE).
Given the importance London has, it will be interesting to see how any negotiations on future trade will protect it. Unless the UK has unfettered access to financial services in the single market London will be damaged. And while we are in the EU our partners had some incentive to help protect it. Once we begin negotiations to withdraw they will have every incentive to do the opposite and steal some of London's wealth.
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