London 'draining life' from rest of UK economy
LONDON -- There's London. And then there's the rest of the U.K.
A tale of two Britains has increasingly emerged since the Great Recession. While the government trumpets the country's recovery from the financial crisis and its status as the world's fastest-growing developed economy, the rhetoric hides an increasing divide: One that pits London's boom against the malaise in cities such as Manchester and Birmingham that are struggling to remain vibrant in the 21st century.
Buoyed by foreign investment and a resurgent financial industry, the economy of London and the rest of Britain's South... read more