Since I got such excellent replies for my earlier economics query, thought I would try my luck once again.
The questions is, does allowing free capital flows into London cause a rise in prices for those in the hinterland?
wongawonga
2
wongawonga
Would not the high economic growth in London draw resources from other centres. Like pushing up salaries.
3
peterscot
Depends on what you mean by "hinterland". If you mean that area within easy commuting disctance, then yes. If you mean the rest of the country, then, no.
5
________________
... commuting distance pretty much covers everything within about 2 hrs train ride (each way). Yes, some nutters do do 4 hrs commute a day. That would cover everything from Cardiff in the West, Birmingham in the N, Peterborough, Norwich, all of E Anglia and all of SE UK. More realistically, anything up to about 1 hr 20 min train ride. Which is (very roughly) Bristol, still Birmingham, still Peterborough, Cambridge, Anything south of Ipswich in E Anglia and all of the SE and S coasts (across to about Bristol level).
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Lonely Planet
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