London fiscal balance

London, the capital of England and the United Kingdom, has a fiscal surplus since the tax collected is above the amount spent on local services.

Of all the United Kingdom's statistical regions, London runs the highest surplus, both in absolute terms and per capita.

[8] The surplus mostly goes to funding expenditure in less wealthy parts of the United Kingdom, such as northern England.

[2][7] Reducing the North–South divide via government intervention is popular among both left-wing populists and parts of the Conservative Party.

[2] The Times economics editor David Smith suggested that "London bankrolls the UK – and that’s not healthy".