Global or Bust; London's Future  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 403 no. 8791 (Jun. 2012), page S15-S16.
Topik: Cities; Geographic Profiles; Future; Affluence; Immigration; Public Opinion; Statistical Data; Banks; Regulation of Financial Institutions

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.72 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The belief that London is a source of corruption is one reason for wanting to constrain its growth. The city's dominance is another. Three groups of people are particularly unpopular in Britain at the moment--rich people, bankers and immigrants. Since London depends on them for its prosperity, policies aimed at making life harder for them will hit the capital. The tax system has become somewhat less friendly to well-off people since the financial crisis. Hostility to the banks is not surprising. They contributed to the economic crisis, and propping them up has cost many billions. The regulatory regime for them has tightened since the financial crisis, and more regulation is on its way from both Westminster and Brussels. Attitudes to foreigners are hardening, too. Britons are now more hostile to immigration than people in any other wealthy country. London, though, takes a warmer view of foreigners than does the rest of the country, and this is not just because migrants are naturally in favour of migration. The danger is not just that companies and people will leave London, but also that companies will not grow there and new people will not come.

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