North South economic divide increasing

[Jonny5 10]

If there was even a correlation it would just demonstrate that you don't know the difference between correlation and causation.

:hihi: The latest buzz phrase to be used whenever someone wants to close down an argument that they don't much like the look of.

 

There are many, many factors at play in the North South divide and it would be daft dismiss the actions of the MP's & standing councillors.

[999tigger 10]

London would only be dominating the UK economy if there wasn't similar dark areas all over the country. Sheffield isn't a dark area but it still outperforms (outer London East and North and outer London South).

Edinburgh, Glasgow, Aberdeen outperform all the areas surrounding inner London. Manchester, Leeds, Cheshire, Bristol, Nottingham, Derby, York, are about equal to most of the dark area surrounding London.

Most of the country outperforms (outer London East and North)

 

There arent any similar dark areas At local area level, inner London–west had added more to the economy than anywhere else in the UK, at £127,127 per person.

 

The City is the most powerful region in the UK, its the richest region in N Europe because of it.

 

The majority of the above average areas all gravitate around London.

 

From PWC research 2014

 

The days when the north of England and the midlands were the industrial heartlands of the British economy, with manufacturing industry accounting for a third or more of employment and GDP, are long gone.

 

The UK is now a post-industrial economy, in which manufacturing accounts for about 10% of GDP and around 8% of total employment. In all UK regions, the services sector is now the key driver of economic growth, accounting for around 70-75% or more of economic activity and employment, ......

 

The strength of London and the south of England in services industries – particularly business and financial services – is a key factor underpinning the regional disparities which exist in the UK today. London is one of the top global cities in the world (albeit with challenges of its own in terms of housing affordability, transport congestion and pockets of severe deprivation) – and its pre-eminence has not been significantly dented by the financial crisis.

 

http://www.ft.com/cms/s/0/5b73945e-c0c9-11e4-9949-00144feab7de.html#axzz3qKjtfccs

 

The economy is gping one way and thats south.

[sandy18 10]

There arent any similar dark areas At local area level, inner London–west had added more to the economy than anywhere else in the UK, at £127,127 per person.

 

The City is the most powerful region in the UK, its the richest region in N Europe because of it.

 

The majority of the above average areas all gravitate around London.

 

From PWC research 2014

 

 

 

http://www.ft.com/cms/s/0/5b73945e-c0c9-11e4-9949-00144feab7de.html#axzz3qKjtfccs

 

The economy is gping one way and thats south.

 

That's just one area that outperformed the rest of the country probably because of the financial sector, the rest of London didn't out perform the country, a large part of it was out performed by most of the country.

[poppet2 13]

Since its more expensive down South, why should the minimum and living wage be the same North and South?

[999tigger 10]

That's just one area that outperformed the rest of the country probably because of the financial sector, the rest of London didn't out perform the country, a large part of it was out performed by most of the country.

 

The problem is your map. Provide soemthing with a decent economic breakdown of GDP or GNI per region and that will show you where all the money is and which region contributes what to the economy.

 

The map is also misleading because it reflects per capita figures, when equally telling is how many people are in London and the S east compared to the rest of the country. London is 38 x bigger than Aberdeen,20x bigger than Bristol,17 times bigger than Sheffield, 12 times bigger than Leeds, 3.5 x bigger than Manchester and thats not taking into account all the commuters.

 

Inner London is London in terms of financial output its where all the banks, insurers, hedge funds etc are.

 

---------- Post added 02-11-2015 at 12:12 ----------

 

Since its more expensive down South, why should the minimum and living wage be the same North and South?

 

They tend to set a different London weighting or London rate. The lower paid jobs in London tend to be significantly above min wage.

Edited November 2, 2015 by 999tigger

[sandy18 10]

The problem is your map. Provide soemthing with a decent economic breakdown of GDP or GNI per region and that will show you where all the money is and which region contributes what to the economy.

 

The map is also misleading because it reflects per capita figures, when equally telling is how many people are in London and the S east compared to the rest of the country. London is 38 x bigger than Aberdeen,20x bigger than Bristol,17 times bigger than Sheffield, 12 times bigger than Leeds, 3.5 x bigger than Manchester and thats not taking into account all the commuters.

 

Inner London is London in terms of financial output its where all the banks, insurers, hedge funds etc are.

 

---------- Post added 02-11-2015 at 12:12 ----------

 

 

They tend to set a different London weighting or London rate. The lower paid jobs in London tend to be significantly above min wage.

 

The map isn't misleading and effectively counters the argument that the UK economy is dominated by London. There are more unemployed people living in London than the whole of Yorkshire/Humber, more than any other region in the country, poverty is worse in London than any other area of the country.

[999tigger 10]

The map isn't misleading and effectively counters the argument that the UK economy is dominated by London. There are more unemployed people living in London than the whole of Yorkshire/Humber, more than any other region in the country, poverty is worse in London than any other area of the country.

 

Produce the stats per region showing the contribution each one makes and then you will see the extren in which the south and London dominate.

 

Have you ever thought there are more unemployed people in London becayse there are more people in london generally.

 

The balance of our economy is based on financual services and thats dominated by London.

 

Just come up with some figures sandy whic reflect the economic contribution from each region.

[Cyclone 10]

No, there are plenty of exceptions outside London with most of the country outperforming a very large chunk of London.

 

You must be looking at a different map to me.

 

---------- Post added 02-11-2015 at 14:05 ----------

 

:hihi: The latest buzz phrase to be used whenever someone wants to close down an argument that they don't much like the look of.

 

There are many, many factors at play in the North South divide and it would be daft dismiss the actions of the MP's & standing councillors.

 

Or a really important statistical analysis concept.

 

The lack of understanding of which leads to the drawing of erroneous conclusions, such as the one you're drawing (and you haven't even actually checked the evidence before reaching your conclusion...)

 

For a hillarious illustration of why

 

http://twentytwowords.com/funny-graphs-show-correlation-between-completely-unrelated-stats-9-pictures/

[sandy18 10]

Produce the stats per region showing the contribution each one makes and then you will see the extren in which the south and London dominate.

 

Have you ever thought there are more unemployed people in London becayse there are more people in london generally.

 

The balance of our economy is based on financual services and thats dominated by London.

 

Just come up with some figures sandy whic reflect the economic contribution from each region.

 

The economic activity per region isn't relevant, the relevant figure is the economic activity per capita, its obvious that 10 million people will generate more economic activity than 1000 people because the 10 million will consume more than 1000 people. If the 1000 consume less than they produce and the 10 million consume more than they produce the 1000 are better for the UK than the 10 million.

Some people will even argue that the people generating the most caused all the problems the UK now faces.

[Cyclone 10]

 

They tend to set a different London weighting or London rate. The lower paid jobs in London tend to be significantly above min wage.

 

I'm not sure that's true. London weighting applies for professionals, but go and work in a bar or a restaurant and you're as likely to be on the minimum wage as someone doing the same in Sheffield.

 

---------- Post added 02-11-2015 at 14:18 ----------

 

The economic activity per region isn't relevant, the relevant figure is the economic activity per capita, its obvious that 10 million people will generate more economic activity than 1000 people because the 10 million will consume more than 1000 people. If the 1000 consume less than they produce and the 10 million consume more than they produce the 1000 are better for the UK than the 10 million.

Some people will even argue that the people generating the most caused all the problems the UK now faces.

 

The problem with that is that more people are drawn to the economic activity (not to the activity/person).

 

So like a blackhole, London keeps sucking people in and gets bigger, and other areas become more impoverished.

[sandy18 10]

You must be looking at a different map to me.

 

Unless you are ignoring the bits that don't fit with your opinion.

[Cyclone 10]

The balance of our economy is based on financual services and thats dominated by London.

 

Not really true;

 

"Britain's financial services sector grew rapidly between 2006 and 2009. The UK economy has long been a dominant player in financial services, along with the US, but growth in the sector between 2006 and 2009 was particularly rapid. By 2009, the sector accounted for 10% of UK GDP"

 

Financial services is about the same size as manufacturing.

 

---------- Post added 02-11-2015 at 14:20 ----------

 

Unless you are ignoring the bits that don't fit with your opinion.

 

No, I saw a few small hotspots outside London, but it quite clearly dominates, with its influence expanding quite some distance outside the city itself.