Londoners pay more in tax than they receive in public spending
01 Jun 2017
Recent data from the Office for National Statistics (ONS) shows how London's thriving economy, which generates a £26.5 billion surplus, subsidises Britain’s less well-off regions.
Those in London, the South East and the East of England all generate more in tax revenues than they receive in public spending, with Londoners providing a £3,070 surplus per head. By contrast, spending exceeded tax revenues by £5,440 per head in Northern Ireland and by £3,820 in the North East. Scotland ran a deficit of £2,830 a head.
Despite the tax revenues generated by London, the South East and the east of England, overall the UK ran a deficit of just over £72 billion in 2015-16, or £1,100 per head, the ONS said.
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