London Economic Patterns Flashcards

1
Q

When was the manufacturing industry in England privatised?

A

1970s and early 1980s

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2
Q

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

A

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

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3
Q

What did Margaret Thatcher’s government focus on?

A

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

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4
Q

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

A

27% of city’s population living below poverty line

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5
Q

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

A

16%

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6
Q

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

A

Four and half times as much as the bottom tenth

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7
Q

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

A

Kensington and Chelsea

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8
Q

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

A

Their monthly salary

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