MQT Answer: London Funding Commission
London Funding Commission
Question No: 2100 / 2012
Andrew Dismore
You have said that you hope “London gets back in funding what it contributes to the national purse.” Can you give details of the contribution London has provided, and the amount of funding received for the financial years 2008/9, 2009/10, 2010/11, 2011/12?
Written response from the Mayor
The most recent comprehensive study was conducted by Oxford Economics for the Corporation of London in February 2011. The table below summarises the information requested:
| Tax revenues (resident based) | Tax revenues (workplace based) | Average revenues | Public expenditure | Net surplus | |
| 2007-08 | 100.7 | 109.1 | 104.9 | 81.6 | 23.3 |
| 2008-09 | 94.5 | 103.0 | 98.8 | 88.8 | 10.0 |
| 2009-10 | 91.3 | 99.6 | 95.5 | 94.0 | 1.4 |
| 2010-11 | 90.4 | 98.5 | 94.5 | 97.7 | -3.3 |
| 2011-12 | 98.2 | 107.1 | 102.7 | 98.3 | 4.4 |
| 2012-13 | 104.8 | 114.2 | 109.5 | 99.7 | 9.8 |
| 2013-14 | 111.1 | 121.0 | 116.1 | 101.3 | 14.8 |
| 2014-15 | 119.5 | 130.1 | 124.8 | 103.4 | 21.4 |
| 2015-16 | 127.1 | 138.2 | 132.7 | 105.6 | 27.1 |
