29 July, 2018

Most capital cities are well off, but London is like another country | Larry Elliott | Business | The Guardian

Most capital cities are well off, but London is like another country | Larry Elliott | Business | The Guardian: "That’s because the old industrial towns, which have a combined population of 16 million, double that of London, have never really recovered from the pit and factory closures of the 1980s and 1990s. The share of white-collar jobs is far below the level in the cities, the proportion of the workforce educated to degree level is far lower, and average gross weekly pay was £408 in 2017, 91% of the UK average. In the main regional cities it was £446 and in London it was £599.

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