James Forsyth

There is more shopping in three streets in London than in Birmingham and Manchester combined

There is more shopping in three streets in London than in Birmingham and Manchester combined
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Prospect magazine’s In Fact column always contains some thought provoking numbers. This month, I was particularly struck by this statistic:

“The annual retail spend of Oxford Street, Regent Street and Bond Street is £5.5bn—more than Manchester and Birmingham.”

On one level, this is testament to the importance of clusters. But it is also a sign of just how dominant in the UK London is; something that is not particularly healthy for the country as a whole. 

 

Written byJames Forsyth

James Forsyth is Political Editor of the Spectator. He is also a columnist in The Sun.

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