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Well I went through some data the other day and put the different nations (regions for England) of the UK in order based on total GDP.
It goes like this:
- Total UK economy
- Total English economy
- Greater London
- South East England
- Scotland
- North West England
- East Midlands
- South West England
- West Midlands
- Yorkshire
- East Anglia
- Wales
- North East
- Northern Ireland
Who subsidises who is debatable though, but I don't think the West Midlands is going to be subsidising anybody.
Within England - yes. If we whined about who pays more all the time we'd end up dividing the country and moaning about the next village / town / city receiving more than the other one.Do you view it as an acceptable thing that these areas pay more than they receive?
For the benefit of the country there has to be some givers and some takers. Many of the areas subsidised today were industrial giants in the past and paid more than their fair share then, only now it is forgotten about.
For a similar situation on the continent, see Belgium.
The thing with American and UK debt is that they mostly owe it to themselves. It's largely to companies and bond holders....And continuing on consequences, responsibility and debt. USA should be watching it's $15 Trillion plus debt bomb go up, as it buckles under it's own weight with it's high debt to GDP ratio. Take action or there may be trouble ahead.
Home nations don't you mean? English regions shouldn't charge each other, but devolved nations can does as they like.They're not devolved regions either.
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