Tuesday, 26 March 2013

Cyprus on the Thames?

Stephanie Flanders, Economics editor at BBC News, asks: Should Britain let go of London?

My commentary:

Since 2009, I have been asking whether London and New York City depend too much on finance for GDP/growth and for jobs.

In a recent visit in London I realised that London also depends heavily on tourism, monetising well on its history, among other things.

But with the Cyprus economic model now disassembling,  some on Twitter have suggested that London is like Cyprus.


Read this analysis from 2009 from my npthinking blog as to whether NYC or London are in sync with the rest of the US and UK.