- Question by: Peter Hulme Cross
- Meeting date: 10 November 2007
Yes, you are absolutely right. London generates an enormous amount of wealth - according to the London Chamber of Commerce about £13 - £20 billion - which is then taken by the Government and used to subsidise the rest of the country, if not Scotland. We can certainly do with more money. As far as Crossrail is concerned, the Mayor has said that is probably the most important project, even more important than the Olympics. Nevertheless, the Government still found themselves with a shortfall of over £300 million and turned to the City to stump up yet more money in...