this post was submitted on 06 Apr 2024
84 points (94.7% liked)

Europe

8324 readers
1 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

  1. Be nice to each other (e.g. No direct insults against each other);
  2. No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
  3. No posts linking to mis-information funded by foreign states or billionaires.

Also check out [email protected]

founded 1 year ago
MODERATORS
 

In their conclusions, the authors recommend Northern Ireland – which remains relatively poor and heavily reliant on public sector spending and employment – embark on major reforms to improve its residents' standard of living.

"Even though Ireland has a much higher national income, funding the needs of the people of Northern Ireland in a united Ireland would put huge financial pressure on the people of Ireland, resulting in an immediate major reduction in their living standards," the report says.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 14 points 7 months ago (1 children)

Very good article, thank you for sharing. Surprisingly thorough for being so short. I'd recommend others read it. The title alone does not give it justice.

[–] lettruthout 9 points 7 months ago (1 children)

Agreed. This is the first article I've encountered that explained the economics of possible reunification. Who knew that Northern Ireland receives so much financial support from the UK?

[–] [email protected] 7 points 7 months ago (1 children)

Who knew that Northern Ireland receives so much financial support from the UK?

This is a weird way to phrase this seeing as NI is very much part of the UK, and that anyone with even the most cursory understanding of the UK economy knows that London and South East of England is where most economic activity is concentrated and so most other areas are "subsidised" by them.

Also, the Barnett formula.

[–] [email protected] 4 points 7 months ago

This is the simple reality of capital city focus. People want to be where the other people are, therefore they move there, and the cycle continues. Whether is proximity of existing industry (i.e. Finance, Film), statutory bodies (i.e. Parliament, Regulators), or just the higher density of people making a de facto larger scene (i.e. Arts), there’s nothing evil about this per say. However, there is a huge rotation of exterior talent through these areas as a result; meaning that the education system of Nottingham (as an example) contributes a great deal to the continued growth and stability of these sectors in London. It’s only right therefore that London somewhat repays that pattern.

It’s not just an ancient cities thing. You can look at funding in Scotland and see that Glasgow though relatively young in its current wave of economic prosperity (due reasons that aren’t worth going into) is already having it’s own version of this effect on the rest of the nation. Glasgow is slurping up a huge quantity of talent from the rest of Scotland.

As a Glaswegian in London it’s clear to me to see how the economics and impacts of these comparatively large cities are so similar (though surely at different scales).