London had been in a vicious circle of decline as businesses and the people who could afford to moved out. During 1981-91 while Britain as a whole added a net 219,000 jobs, London lost 305,000.
But for the past two years London has grown more rapidly than the rest of the country and it looks like continuing to do so for the rest of the decade. Tourist numbers are booming and businesses are no longer choosing to relocate as they did during the 80s growth years.
But, says the Economist, the worst as well of the best of Britain concentrates in London. A report published yesterday by the London Research Centre, 'A Capital divided', details this sharply.