Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

The economic performance of London compared to that of the rest of the UK since 2000 - Essay Example

Comments (0) Cite this document
This paper talks about the performance of the economy of London in years 2000-2010 and describes the character of the economic relationship between London and the rest of the UK. It is shown in the essay that London’s economy and that of the UK is one of positive and mutual relationship…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.9% of users find it useful
The economic performance of London compared to that of the rest of the UK since 2000
Read TextPreview

Extract of sample "The economic performance of London compared to that of the rest of the UK since 2000"

Download file to see previous pages a great concentration of professional and wholesale financial businesses.5 This form of business enables London in specific and the UK in general to benefit from international trade. London as an economic hub exports businesses to the rest of the UK. Notably, the world class nature of these businesses gives London a competitive advantage when it comes to engaging in business with the rest of the nation. Considering that London is one of the premier world cities, its economic performance in terms of financial a business services helps the entire nation through tax revenues received from public spending. Undoubtedly, London’s economy is strong and as such it benefits the rest of the UK. During financial year 2002/2003, London generated $ 2 billion and $ 9 billion more in taxes than it received from public spending. However, London economy experienced relative slow down in 2002 compared to the rest of the UK economy making the overall UK public sector debt move from $ 15 billion to $ 25 within the same period.6 London economy varies from that of the rest of the country. Even though London is popular with its unique financial services, its economy is not only hinged on financial activities, but has other revenue generating activities including management and business consultancy activities which it score highly in specialization index. This kind of ranking not only shows how London supplies such services to the other parts of the UK but also to other countries. Other economic activities which makes London rank highly in economic performance compared to other UK cities include tourism, telecommunications and consultancy services among many others. Such sectoral specialization has indeed helped London to contribute to over half of the UK’s exports for activities such as...
This essay critically assess the economic performance of London in the years 2000-2010 and compares with that of the rest of the UK
There has been mixed views regarding the economic relationship between London and the rest of the UK. Some people argue that, London grows at the expense of the rest of the country while other hold the view that London is the focal point of the UK economy.
This study found that most big businesses were established and are based in London, but at the same time they have established branches to other parts of the country. London population comprises of the young generation which in real sense migrates not only from foreign countries, but also from other cities and rural areas.
Notwithstanding the recent global financial crisis, London remains a dynamic city in the world due to its living appeal and commercial superiority. Undeniably, London is the UK’s leading base for export oriented employment, high value businesses and therefore, its position relative to other UK cities portrays no sign of abating. London economy relies on sectors with faster growth in productivity. As such, faster growth in output per person and rise in wages is equally expected to be higher.
London boasts as a hub for some of the big financial institutions and health facilities. The presence of major businesses coupled with increased economic activities has enabled London generate the bigger part of the national revenues. However, inequality gap between rich and the poor continues to widen as the economic conditions worsens.
...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The economic performance of London compared to that of the rest of the Essay”, n.d.)
The economic performance of London compared to that of the rest of the Essay. Retrieved from
(The Economic Performance of London Compared to That of the Rest of the Essay)
The Economic Performance of London Compared to That of the Rest of the Essay.
“The Economic Performance of London Compared to That of the Rest of the Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The economic performance of London compared to that of the rest of the UK since 2000

China Economic Growth Since 1949

...?China Economic Growth Since 1949 Impressive economic achievements of the PRC are second largest in the world. Republic of china is the fastest growing economy having consistent growth rates of around 10% over the past 30 years. China is largest exporter and 2nd largest importer worldwide. In 2010 Republic’s per capital GDP was $7, 544. The coastal areas of china are being the major part of its economic importance rather than hinterlands which are under developed. After the founding of Republic of China in 1949, the first three decades carried out under planned economic targets. Whereas the last three decades, mainly the result of the radical reform of its economic system. While watching through lens, China’s economy is facing major...
9 Pages(2250 words)Research Paper

Changes in CEO/Executive Pay since 2000

...Changes in CEO/Executive pay since 2000 1. Introduction The debate on the issue of executive compensation has generated intense debate in the recent past. It has been argued that Chef Executive Officers are paid too much money that does not necessarily commensurate with their performance. Some of the high earning CEOs run companies that perform poorly and are on the verge of collapsing. Yet, some authors have suggested that the job of CEOs is very demanding and has very high expectations therefore the holders of those positions deserve to be paid well. As Howard (2004) points out, the job of a CEO has many risks and sometimes if a person is sacked from such a position it is very difficult to gain employment elsewhere. Therefore, he...
11 Pages(2750 words)Research Paper

Economic Performance of UK

...Contents Contents Introduction 2 Recent Economic Performance of UK 3 Inflationary Pressures 4 Lowering Interest rates 5 Conclusion 6 Bibliography 7 Introduction Most developed nations of the world including US and UK are experiencing an economic meltdown causing serious economic problems for both the countries. The results of such an economic meltdown are serious because it not only affected the financial system, but it has been also serious hampered the economic growth. The credit crunch has been serious created the shortfall of banking credit to firms to fund their expansion plans as well as working capital needs, but it has also put extra pressures on the resources of the financial institutions as especially banks...
6 Pages(1500 words)Coursework

Russian Economic Growth since 1998

...Russian Economic Growth after the 1998 Financial Crisis Russian Economic Growth after the 1998 Financial Crisis The largest country in the world, The Russian Federation has received its share of criticism over the past few hundred years; from the days of the land hungry monarchs to the Revolution of 1917, right up until the 1990's when the Soviet Union broke and laid Russia and its counterparts bare to the scrutiny of the Western world. After years of harsh monarchical rule and nearly one hundred years of highly controversial communist dictatorship, Russia is struggling under the pressure to redeem itself as a viable and strong nation. Poverty, deprivation and social exclusion have all been pinpointed as the facets of the new Russian...
10 Pages(2500 words)Essay

International Economic History since 1870

... and July 22 of 1944 at Bretton Woods( the USA) was attended by the representatives of more than forty countries and led to the creation of Bretton Woods financial system.1 New system was aimed to replace gold standard system which had been maintained since the end of the 19th century. The plan of new economic financial system produced by the United Kingdom and the USA was aimed to remedy some imbalances of pre war economic financial system of gold standard. Such huge economic problems as the volatility of the floating exchange rates, dependence of the countries on the adjustment mechanisms, had been frequently resolved either by recession and deflation or by inflation and rapid expansion. New conference led to the establishment...
4 Pages(1000 words)Essay

Economic Development since 1945

... of the of the December 30, 2007 Business Economics Question Economic Development since 1945 Market Segmentation plays a key role in the marketing strategy of all successful organizations and is powerful marketing tool for several reasons. Most importantly, nearly all markets include groups of people or organizations with different product needs and preferences. Market segmentation helps marketers define customer needs and wants more precisely. Because market segments differ in size and potential, segmentation helps decision makers more accurately define marketing objectives and better allocate resources. Consumer goods marketers commonly use one or more of the following characteristics to segment markets: geography, demographics...
8 Pages(2000 words)Assignment

International Economic History Since 1870

The industrial and manufacturing base was strengthened with electrification and military expansion contributing towards strengthening the country’s economy through the development of a strong domestic base. The strength of Japan’s institutions played a significant role in the strength of its economy, so that even after the Second World War and subordination to the Supreme Commander of the Allied Powers, Japan was able to re-emerge as one of the strongest economies of the world (Allen 1981). Japan’s economy has demonstrated a remarkable rise as compared to other countries, and the period of significant economic growth has been marked by three spurts in growth in the 1910s, the 1930s and 1960s. There have been several reasons that...
6 Pages(1500 words)Essay

The economic performance of the UK compared to Japan since 1990 has clearly demonstrated the superiority of the Anglo Saxon model over State Led Capitalism. Discuss

...The economic performance of the UK compared to Japan since 1990 has clearly demonstrated the superiority of the Anglo Saxon model over Led Capitalism. Introduction An Anglo Saxon economy is generally a capitalist macroeconomics model in which levels of regulation and taxes are low. These economies are more liberal and free market oriented than other capitalist economies as government provides relatively fewer services (Economic Research, 2005). This type of economy is usually associated with United Kingdom, USA, and in some other European countries. On the other hand, State led capitalism is more state controlled, and its economy is more concentrated on wealth redistribution. Anglo Saxon economy is traditionally highlights the free...
12 Pages(3000 words)Essay

Best economic progress since WWII

... Best Economic Progress since WWII Best economic progress since WWII took place in Germany. However, German underwent through several years of economic challenge after the Second World War. Most of their homes and properties were immensely destroyed. Most notably, the highest population in Germany lacked food to sustain their lives. Consequently, after the Second World War, most political and economic leaders put all efforts to restore the negatively impacted economy. It’s per capital disposable income immensely grew to $ 10,837 in 1979 from $1,186 in 1960 (William 56). It continually contributed to export surpluses. However, its economic growth did not translate into military might since its international status was regulated by treaty...
1 Pages(250 words)Essay

The Trade Union Movement in the UK

Before the ERA 1999, union membership and recognition in the UK were characterized by voluntarism, in which employers and employees could bargain over the terms and conditions of employment without any legal interference. With the statutory system ushered in by the new law, voluntary recognition of unions is no longer allowed and it becomes unlawful for British employers to deny recognition to unions under any circumstances. That conveys the impression that ERA created a radical change in British industrial relations. This paper takes the contrary view, however, and proposes that while the new industrial relations law looks revolutionary in principle, there are no fundamental changes in actuality for the change to qualify as &ldqu...
8 Pages(2000 words)Case Study

The Economic Impact of the Emergence of China and India

The main macroeconomic variable that toys in the global economy’s shift are the emergence of India and China as new superpowers. This emergence certainly has a number of implications, but among the most relevant are: disruption of the equilibrium of the global economy which results in rising demand of goods, giving way to worldwide inflation; the attractiveness of outsourcing to these countries due to low cost but high talent workforce of these countries for cheaper operations.
The growing middle class of China and India results in booming demand for the automobile industry. This increase in demand, with the increasing purchasing power of these countries’ people, is not limited to automobiles but more apparent in...
10 Pages(2500 words)Assignment

Economic Analysis of India

The country’s economy is fast growing with a stable political system that encourages foreign investment although with certain restrictions. The country generally has good energy, transport and communication systems which make the cost of doing business affordably.

The Republic of India found South of Asia is by far the world’s most populous democracy and ranks seventh largest in terms of geographical area (Brown, 1994). India is also the second most highly populated country in the world. The country has a rich culture with four major religions having originally emerged from it; Sikhism, Buddhism, Hinduism, and Jainism. The Indian Republic consists of seven union territories and 28 states and ranks twelfth la...
8 Pages(2000 words)Case Study

Evaluation of Performance of a Bank Using Published Accounting Data

The performance of a bank is evaluated because of various reasons. The banks evaluate their performance to find out the outcomes of previous decisions of management. The bank regulators evaluate the performance of the banks to identify the banks, which are facing severe problems. Evaluation using the published data is also needed by shareholders to make decisions such as whether to buy or sell a share of banks. Furthermore, investment analysts advise their prospective investors regarding the selection of banks for making investments after performance evaluations of banks.

There are different ways, which have been used to evaluate the performance of the banks. When the performance is analysed through available published...
7 Pages(1750 words)Case Study

Bernard Madoff : A Scapegoat of the Economic Crisis

Darwin was condemned and treated with contempt by the Church for proposing the theory of evolution that linked all living matter in the earth, including humans. In the case of Bertrand Russell, he was imprisoned as a conscientious objector, for expressing his opposition to British participation in the First World War. These are typical examples of people being wrongfully punished when they were guilty of no crime or fraud or misdoing. It would be highly improper to associate Bernard Madoff with the aforementioned luminaries, for he was truly guilty of carrying out the biggest financial fraud in modern history. At the same time, it would be simplistic to classify him as a victim of the contemporary judicial system. The truth, in fa...
6 Pages(1500 words)Assignment

Contrast of Two Explanations of Social Disorder in Contemporary UK Society

As the process of urbanization takes off and more people start residing in major cities, the fissures start to appear within the apparent harmonious co-existence. There are several reasons why disorderly conduct on part of individuals and groups takes place. Sociologists have proposed numerous theories explaining this phenomenon.

Erving Goffman was an astute observer of society, who immersed himself in the social environment which he was studying. He carefully observed and recorded the ways in which people’s behavior and interpersonal interactions are carried out in everyday life. He notes that “people perform their social roles and, as they do so, they produce social order through their actions and the regu...
6 Pages(1500 words)Article

International Business: World Economic Forum and Davos 2010

...Introduction Globalization, one of the most hotly debated issues means global capitalism to some while others consider it to be the continuation of modernism with the forces of wealth, progress, democracy and happiness at play (Kellner, 2002). Globalization is considered to be beneficial which promotes economic prosperity, cultural diversity and technological advancement. According to the critical social theory, technology and capital work together to create a new globalized and interconnected world. While each force of globalization is important, technological revolution has impacted the business models, value creation and differentiation (Spelman, 2010). The cloud computing technologies that have made the popular social networking...
7 Pages(1750 words)Coursework

Globalization and World Economic Forum at Davos 2010

... market is offset by an upswing in another market. Risk is less inherent in a portfolio of activities across the world rather than in a single or a few local markets. But the effective harnessing of the benefits of globalization would depend on the scale of the companies placing small local companies are at a distinct disadvantage compared with global companies (Mundim et al, 2000). In competing with global companies in attracting resources such as skills, the local companies lose out. They become easy targets for takeover by global companies with deep pockets. The globalization also undermines regional, cultural and linguistic diversity among markets (Lawrence & Weber, 2008). There is a prevalent premise among the economists...
7 Pages(1750 words)Coursework

The Key Macro Factors that Have Influenced the UK Grocery Retailing Industry since the Early 1960s

...1. Assess the key macro factors that have influenced the UK grocery retailing industry since the early 1960s. The concept of organisational change is inherently intertwined with external threats and opportunities, which businesses must adapt to as part of strategic planning to continue long term growth. Senior and Fleming argue that the concept of organisational change has many faces, namely “convergent changes and transformational change that is organisation wide and characterised by radical shifts in strategy, mission values and associated changes of structures and systems” (In Thompson & Martin, 2005, p.41). Moreover, Johnson et al highlight that external macro-economic factors intrinsically impact strategy management and without...
13 Pages(3250 words)Assignment

What to Consider in Structure-Conduct-Performance Model

The best possible outcome for SA is when it plays L while SS plays U and the best possible outcome for SS is when it plays L, and the other plays U. These outcomes (L, U) and (U, L) are difficult to achieve. This is because these strategies are not dominant for both. There is an incentive for one player to deviate.
If the prices are decided every week then the strategy would change in terms of the components. For the repeated games, the Nash equilibriums of all the sub-games are the same as the equilibrium of each one-shot game. The number of components in the strategy would increase because of the repetition of the game (both would still play L, L) however the pay off associated with the game would be increase by times of th...
6 Pages(1500 words)Essay

Chinas Economic Development Since 1978

...China’s Economic Development Since 1978 Introduction Since 1978, China has experienced staggering economic growth that has positioned the country ona pace to become the world’s largest economy. Between 1978 and 2010, the country’s gross domestic product grew at an average annual rate of 9.5% a years (Meng 2011, p. 59). This essay examines the most important features of China’s economic development since 1978 and considers how they explain China’s rapid economic growth. Specifically, the research argues that China has achieved this growth through instituting market reforms and increasingly emphasizing privatization. Background Throughout the 20th century, China witnessed considerable political, cultural, and economic change...
8 Pages(2000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic The economic performance of London compared to that of the rest of the UK since 2000 for FREE!

Contact Us