Re: [Salon] How "Broken Britain" might reconverge



Also, cost of housing very high in London and SE. 
https://www.standard.co.uk/homesandproperty/property-news/ons-london-uk-house-price-rental-data-august-2023-b1114281.html
London remains UK's most expensive region even as house prices fall
https://apnews.com/article/cost-of-living-crisis-mortgage-costs-britain-0415c62d243a0c3fba65065e67d95623
As UK housing costs soar, anxiety grips homeowners and renters: ‘I’m in meltdown’

 Infact convergence has ended also in US because of this:
https://www.vox.com/policy-and-politics/2017/8/18/16162234/regional-inequality-cause
The real driver of regional inequality in America
People can no longer afford to move to opportunity.

I think UK economy very like that of NY State. There is wealth around fin center (London/NTC) and depression  outside it.

On Friday, December 8, 2023 at 02:43:02 AM GMT+5, Mayraj Fahim <fmayraj@yahoo.com> wrote:


After fin crisis UK imposed austerity on and worst was imposed on areas outside London.

UK local governments also rely on central govt funding which was halved!
The Strange Death of Municipal England
The death of local government
Westminster has been systematically stripping councils of power, funding and stature for decades. As a result, our local politics is among the most enfeebled in Europe.

"Local authority spending has fallen nationally by half since 2010, with areas such as Liverpool, Blackburn and Barnsley facing average cuts twice that of their counterparts in the more affluent south, according to the thinktank."
Deprived northern regions worst hit by UK austerity, study finds
Poorest areas bearing brunt of council spending cuts, according to thinktank analysis




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