BOOMED! Post-Brexit economic good news starting to take off.

[diseasex]

I suspect that was more about banks not wanting exposure through lending against the property market.

Overseas Cash buyers will get a lot more for their money at the moment.

FTFU

[original PM]

London's taxes prop up the rest of the UK: One pound in every five earned in the capital funds the rest of the country | This is Money

So that means 4 pounds out of every 5 are not earned in the capital.

Interestingly there are about 12 million in London - pop of UK is approx 60 million.

So that seems to imply that a 5th of the people pay a 5th of the tax.

So what exactly was your point

[diseasex]

So that means 4 pounds out of every 5 are not earned in the capital.

Interestingly there are about 12 million in London - pop of UK is approx 60 million.

So that seems to imply that a 5th of the people pay a 5th of the tax.

So what exactly was your point

Don't mix the facts, 1 pound out of 5 funds the rest of the country. So 20% of tax revenue leaves london.
that should be compared with other areas though

[Old Greg]

So that means 4 pounds out of every 5 are not earned in the capital.

Interestingly there are about 12 million in London - pop of UK is approx 60 million.

So that seems to imply that a 5th of the people pay a 5th of the tax.

So what exactly was your point

COTD award. Well done!

[tomtomagain]

What happens to the economic model when we've sold our homes to the oversea buyers and there's no where for the locals to stay?

Build more homes?

[diseasex]

Build more homes?

No, curb immigration and destroy house "bubble" is better idea.

[original PM]

Don't mix the facts, 1 pound out of 5 funds the rest of the country. So 20% of tax revenue leaves london.
that should be compared with other areas though

So 80% stays in London.

I am really not sure of the point you are trying to make?

Are you trying to say that all the tax generated in London should stay in London?

Or that more should come out of London?

Is that a good thing or a bad thing?

Sorry I am obviously to stupid to understand so would appreciate it if you could maybe clarify?

[diseasex]

So 80% stays in London.

I am really not sure of the point you are trying to make?

Are you trying to say that all the tax generated in London should stay in London?

Or that more should come out of London?

Is that a good thing or a bad thing?

Sorry I am obviously to stupid to understand so would appreciate it if you could maybe clarify?

I said it should be compared with other areas to make any conclusions. I was just correcting facts

[tomtomagain]

I make my living selling a software product that I wrote.

As a matter of interest I checked my sales for last year and I sold to 47 different countries. 70% of whom are not in the EU.

I have always priced my software in dollars. So right now, I'm having the best sales month in pure GBP terms.

I am hoping that the GBP/USD rate stays low, I don't want it to plunge but it's really helping my business. Fingers crossed I'll be able to create my first full-time UK job this year.

[diseasex]

I make my living selling a software product that I wrote.

As a matter of interest I checked my sales for last year and I sold to 47 different countries. 70% of whom are not in the EU.

I have always priced my software in dollars. So right now, I'm having the best sales month in pure GBP terms.

I am hoping that the GBP/USD rate stays low, I don't want it to plunge but it's really helping my business. Fingers crossed I'll be able to create my first full-time UK job this year.

is it anything to do with Tom Tom GPS ?