You seem to have forgotten that London will be meeting 60% of the cost of Crossrail. Can the same be said for the cost of the Northern Hub in terms of local contributions?
Nope. But privately-funded transport projects are fine by me! 40% of £6bn is still quite some public money spent on tunnels...
Could you honestly say that a city outside of London would benefit from a project similar to Crossrail?
Expensive tunnels that aren't necessary to offer similar improvements to transport usage elsewhere in the country!
Crossrail has been delayed by at least a decade
Welcome to the UK. I share your frustrations!
and the £4.2bn contribution from London based businesses suggests that they would like to see improved transport links in London. Have you any evidence that they are looking to make a contribution to the cost of rail infrastructure projects in the North?
No, because there is none, and that's precisely the problem.
Unless we improve the public transport network in the capital international companies will simply move their headquarters to other competing overseas countries. They certainly won't be moving to Warrington.
Oh, the 'they will go abroad' argument, this is so misused. I didn't say it wouldn't be a challenge to structure our economy in a way that offers at least two or three pinnacles of business given the state it's in at the moment, but it should never have been allowed to develop in that way. If losing a little bit (and it is a little bit, because the firm either values the UK market or it doesn't) of that international repute to build a fairer and more stable economy in the long-term is the price we have to pay then...
What plans do you have to encourage businesses and more importantly their employees to move from London to the North?
You have already stated that you don't like Leeds.
Oh, so my own personal preferences are now an important factor in the structure of our economy? You flatter me.
I think the only way you could do it would be to offer huge tax breaks and in the end that would prove to be unsustainable.
I did just say I'm not qualified to fix our economy by myself, but I would suggest picking two other places apart from London and focussing on how to try to distribute certain industries centers in those. Polices on development and building, tax, research and development and transprot and infrastructure would all be instrumental in this.
The fact that so many of our service industries are centered in the South East has no material effect on our economy what so ever.
I'm afraid this is exactly the opposite of the truth.
I'm sorry but I think this is a case of London envy.
What is there to be envious of? I've just told you London is heading for a long-term economic meltdown - and this time, it might affect more than just the financial industry.
I would agree that property is more expensive in the South East but that is generally reflected in what people earn.
This is also a dangerous economic phenomenon that backs up my point about overheating in the South East - it's called the Wage-Price Spiral. It ultimately leads to hyper-inflation.
It also explains why people who earn London wages commute for up to an hour in order to buy cheaper properties. In actual fact, if you look at the amount of green space in Greater London it's not nearly as densely populated as you would like to believe. And as a Londoner for over 25 years (I'm originally from the East Midlands) the provision of utilities is no difference to anywhere else. As the population in the South East continues to grow people just move further and further out. Hence the reason for extending Crossrail to Reading.
I'm not really sure I understand this point. The South East
is fuller and more expensive than the other English regions? The provision of utilities is different; they cost more as more people try to use them! I don't think anyone is suggesting that the whole of greater London has been concreted over, it is after all a very large area... but my reference was to Land Values, which represents an ever growing number of pounds chasing the same physical amount of space - which ultimately makes it more expensive.
In terms of the recession is it any coincidence that London has led the rest of the country out of recession? Or that house prices have increased by crazy amounts in the South East but much less so in other areas, suggesting that the South East has the most demand.
Very true, demand this out of balance seems dangerous or unnatural doesn't it? And it has human consequences too where people can no longer afford to live there despite their family/friends/roots being there (see the BBC Panorama on Brent).
How do you suggest that we go about forcing businesses and their employees from the South East to the North? I absolutely agree that North needs better transport links and the Northern Hub and North West electrification is a very good start as I'm sure you'd agree. However lets not kid ourselves that there will ever be a mass exodus from the South East. London powers the economy, it certainly doesn't damage it. Which is why Scotland is very foolish in looking to become an independent nation. London will always be the nations safety net.
But London's economy does damage the rest of it, that's precisely what we've all been trying to say :x