The Reality of Regional GDP Inequality: Inner West London vs Literally Everywhere Else

Anyone with even a vague interest in the UK economy knows that London outperforms the rest of the country. The taxes collected there partially subsidise the rest of the UK, but Londoners also benefit from massively disproportionate amounts of public spending. This is nothing new: the North-South divide has existed for almost as long as the UK has been a country, and shows no sign of going away any time soon.

Still, despite being aware of this, this fascinating article on CityMetric yesterday brought to my attention some pretty eye-watering regional inequalities in GDP across the UK. The author uses Eurostat data from 2000 to 2015 to show that – in relation to the EU average – South Yorkshire’s GDP per head is strikingly similar to Greece’s:

Given the consistent media furore over Greece’s “tanking” economy, you’d expect there to be similar levels of outrage for the plight of the residents of South Yorkshire, right?

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