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May 22, 2020

The Economist – London may have gone into a covid-accelerated decline

The shift could reverse three decades of ascendancy.

 

Before it was blown off course by covid-19, Boris Johnson’s government had big plans to reshape the economic geography of Britain. Poor parts of the Midlands and north of England would get lots of infrastructure investment, helping them to close the productivity gap with London. The country would be “levelled up”.

 

The idea always seemed a little far-fetched. British governments have been trying to boost productivity outside London for decades, with not much success. And it seems less and less likely that the government will be able to focus on grand new designs as opposed to hasty repair jobs. But something else might happen, to spare Mr Johnson’s blushes. Rather than levelling up, Britain could be about to level down, as London sags.

 

View the full article here.

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