So, some 89% of the UK vacancies are in the London area and 95% of them are in southern England. All are in the southern half of Britain. I submit that this would not be the situation in any comparable country.
I also submit that this state of affairs is the great secret of British public life. And I say “public” because I don’t believe for a moment that this southern concentration of jobs – almost all in the private sector – is the result of market forces. As far as I know the only mainstream journalists who have written about this are George Kerevan of the Scotsman and Simon Jenkins in the Times.
So, if this concentration of highly paid positions in one small part of the country isn’t to do with market forces, what’s going on here? I believe that we must never lose sight of the amazing concentration of government power in the British capital that is unparalleled elsewhere in the western world. In an economy that is so much influenced by government decisions, depredations and regulations, it’s only natural for almost all of the head offices of our largest companies to be near to the seat of power. This results in an overheated southeast with much of the rest of the country relying on state handouts.
The solution of course is to privatise almost all functions of government thus removing any incentive for companies to locate near the capital city.
In the meantime though I believe that Simon Jenkins has seen the way forward and I thoroughly recommend this article in which he proposes a plan that would sweep the Conservatives back into power. As long as they don’t mention social justice of course.