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Question by:
Peter Hulme Cross
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Meeting date:
14 September 2005
Thank you, Mr Mayor. In fact, the London Chamber of Commerce estimates it at between £10-£20 billion in their recent report. Even if we take the lower figure of £10 billion, which is close to what you just mentioned there, and if we take it that there are 3 million households in London, that works out an average of over £3,000 per household of what London contributes over and above what it gets back. That is a huge figure by any standards. Yet, here in London, as you are very well aware, we have considerable unemployment. We have the five...