Complete 7 pages APA formatted article: The economic performance of London compared to that of the rest of the UK since 2000.

Complete 7 pages APA formatted article: The economic performance of London compared to that of the rest of the UK since 2000. a great concentration of professional and wholesale financial businesses.5 This form of business enables London in specific and the UK in general to benefit from international trade. London as an economic hub exports businesses to the rest of the UK. Notably, the world class nature of these businesses gives London a competitive advantage when it comes to engaging in business with the rest of the nation. Considering that London is one of the premier world cities, its economic performance in terms of financial a business services helps the entire nation through tax revenues received from public spending. Undoubtedly, London’s economy is strong and as such it benefits the rest of the UK. During financial year 2002/2003, London generated $ 2 billion and $ 9 billion more in taxes than it received from public spending. However, London economy experienced relative slow down in 2002 compared to the rest of the UK economy making the overall UK public sector debt move from $ 15 billion to $ 25 within the same period.6 London economy varies from that of the rest of the country. Even though London is popular with its unique financial services, its economy is not only hinged on financial activities, but has other revenue generating activities including management and business consultancy activities which it score highly in specialization index. This kind of ranking not only shows how London supplies such services to the other parts of the UK but also to other countries. Other economic activities which makes London rank highly in economic performance compared to other UK cities include tourism, telecommunications and consultancy services among many others.