Why are property prices so different in the north?

Grandad2b

eamon wrote: »

Capital cities tend to be like London, Paris, Madrid and the smaller places like Dublin, Copenhagen. They suck the life out of the rest of their countries. Its no secret and nor is the solution. Move functions out. There is no reason for London to be the seat of government anymore, no reason for government departments to be there. Technology has solved that issue the only stumbling block is the political will. The recent farce regarding the cost of repairs to the Houses of Parliment has highlighted all the reasons for a shift out of London.

To be fair that's true of regional capitals too.
IMO the real problem is all the capital investment in London means the rest of the country has to run twice as hard to keep up. Take a look at public transport for example - Manchester, Sheffield, Nottingham all have modern tram systems. Leeds just has congestion.

westernpromise

Grandad2b wrote: »

To be fair that's true of regional capitals too.
IMO the real problem is all the capital investment in London means the rest of the country has to run twice as hard to keep up. Take a look at public transport for example - Manchester, Sheffield, Nottingham all have modern tram systems. Leeds just has congestion.

Far more tax is raised than is spent in London. Only three regions are net tax contributors, the rest are all tax sinks. The idea that London gets more than its fair share spent there is laughable.

Zero_Sum

westernpromise wrote: »

Far more tax is raised than is spent in London. Only three regions are net tax contributors, the rest are all tax sinks. The idea that London gets more than its fair share spent there is laughable.

Come on!!!!
Its catch-22. London gets more public funding which then leads to more private funding which leads to greater tax receipts.
Its a completely circular argument. I could equally claim that much of Londons wealth has actually been stolen from the regions, and by giving regions a greater share is a way of correcting that.