London continues to suck wealth away from the rest of the country with developers, landlords and businesses favouring the region.
Economists believe the chasm between the capital and the rest of Britain is likely to continue as the recovery takes hold. The capital is expected to accommodate 9m people by 2020, up from 8.3m today. The Financial Times says the greatest disparity is in the property market. The newspaper notes how SEGRO sold off £600m worth of regional assets two years ago to focus on the South East. Quintain announced in 2012 it would focus on London at a time when about 30% of its assets were outside of the city.