London pays its way but Berlin is a drag on its nation’s finances - News Summed Up

London pays its way but Berlin is a drag on its nation’s finances


Britain’s GDP per capita would fall by 11 per cent without London Simon Dawson/Bloomberg via Getty ImagesIf Britain were to lose London, 11 per cent of its gross domestic product per capita would disappear in a stroke. That may sound disastrous, but spare a thought for France or Denmark who would struggle even more without their capitals, according to a study. While Greece without Athens would have almost 20 per cent lower GDP per head, Berlin is the only capital city in Europe that is a drag on its nation’s finances. Without Berlin, German GDP per capita would be 0.2 per cent higher. GDP per capita would decrease by nearly 15 per cent in France if Paris were to suddenly disappear,…


Source: The Times November 15, 2017 00:00 UTC


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