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Does that include the precept? The GLA get another £300 a year or so. I know I pay more than that. £500 a year eats into that £2500 weighting.... and remember the properties tend to be in higher bands for their size as the prices are higher. Most flats will be in Band D or E.
London generates WAY more in tax than it gets back.
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Only if you don't include indirect spending such as salaries for the civil service etc. And only if you include the companies based in London which declare profits for the whole country as being from London (ie Marks & Spencer are based in London so their profits would be declared there).
Actually I will need to find where I seen the figures for this, now I think about it it might have been the South East including London, and not just London itself. Can't mind where I seen it though, but I'll see if I can mind.
One thing to bear in mind though. The cost of Portcullis House which is nothing but a glorified office block next to the Houses Of Parliament cost more than the Scottish Parliament. Funnily enough that's not something which is screamed about when subsidy junkies are mentioned...
No idea on the precept thing. Took it from Up My Street.