north-south divide

• how is London affecting the UK's economy?

  • London generates 1/5 of UK economic growth.

  • The best careers are in London – It attracts lots of talent.

  Boris Johnson: London is a ‘respiratory machine’ – It sucks in talent and then benefits the rest of the county. However, national polls have discovered 24% think London damages the economy.
• agglomeration economics in London?

  London promotes productivity – 44.3% more work done in London. Technology industry (quaternary) – Entrepreneurs have gathered together to create ideas. This has attracted capital and government support, but it was not government planned. Face to face contact is valued in the tech industry and location matters.
• FDI in London?

  London is a primate city and a global hub so a large proportion of investment is made there as it is a thriving quaternary sector of tech and financial industries, which attracts high-skilled workers and businesses