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|London Gets Fair Share
- Ken's tax moans slammed in new report
LONDON politicians often moan that the the city's inhabitants subsidise the rest of the country via the tax system, but a new report pours scorn on such mealy mouthed talk.
Peter Robinson of the Institute for Public Policy Research has used the same logic as practised by the likes of Ken Livingstone to ridicule the mayor's own arguments. "We are giving £19 billion and not getting back from central Government the money we need to solve our problems," said Livingstone.
Robinson points out that if each borough in London were allowed to keep its own taxes as Livingstone suggests London as a whole should, The City would win a massive proportion of the take, while poor boroughs like Tower Hamlets and Lambeth would be further pauperised.
Livingstone's case is further undermined when taking into account the massive injections of government money London gets by virtue of its capital city status. Huge government departments employing tens of thousands of people are mostly situated in London, and bring with them the need for ancillary services as well as attracting the HQs of top companies.
Indeed, the money Livingstone rightly points out we need to solve huge social problems, is sitting right here in our city, mostly in The City. There's no need to try to snatch the taxes of other, often less advantaged, regions.