London Economic Patterns

Question 1

When was the manufacturing industry in England privatised?

Answer 1

1970s and early 1980s

Question 2

What did privatisation of manufacturing and globalisation of manufacturing lead to?

Answer 2

De-industrialisation on a large scale, unemployment rose dramatically so 60% of people without a job in East End communities

Question 3

What did Margaret Thatcher’s government focus on?

Answer 3

Investment towards creating post-industrial economy, redeveloping brown sites into housing, office and retail space. Established quarternary and tertiary sector businesses.

Question 4

How much higher is the income inequality of London compared to the 21% of England?

Answer 4

27% of city’s population living below poverty line

Question 5

What percentage of London’s population are within the poorest 10% of households nationwide?

Answer 5

16%

Question 6

How much more do the top then the of employees in the city earn than the bottom tenth?

Answer 6

Four and half times as much as the bottom tenth

Question 7

Which boroughs have the greatest imbalance between high and low earners?

Answer 7

Kensington and Chelsea

Question 8

What is the monthly rent for low earners in Kensington and Chelsea higher than?

Answer 8

Their monthly salary