The Times: Can the rest of Britain compete with London?


Tim Montgomerie covers Migrant Entrepreneurs: building our businesses, creating our jobs.

Seven years ago London was hit by the economic equivalent of a force 12 gale. The financial services sector that helped to power the boom years experienced a hurricane-strength lashing. As economic waves larger than anything we’d seen since the 1930s crashed and then retreated from across our capital city they left behind huge debts, discredited banks and a great deal of soul-searching.

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