Struggling cities cajole and beg for transplanted industries from successful cities *all the time* here in the USA too, guess what?
You mean disincentivised more than it currently is by high prices and scarce land? Worst case scenario, London's growth stalls...
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...while no other cities are able to pick up the slack, and so the *entire country* ends up in the scenario the north is in today.
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Best case scenario? No change, b/c all the disincentives in the world can't make other cities more attractive than London
End of conversation
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