In the wake of Britain’s exit from the EU, there have been calls from many for ‘Londependence’, the Brexit-esque name for a referendum of London’s membership of the United Kingdom.
Londoners voted 59.9% to 40.1% to stay in the EU. CoinTelegraph investigates the economic impacts of Britain’s exit from the EU and why this extremely radical idea may actually be a potential solution. The pro-Remain metropolitan capital
In a graphic published by the Telegraph outlining the vote breakdown on the EU referendum by regions, it is plain to see that Scotland, London and Northern Ireland were all in favour of remaining in the European Union.
Within hours of the result being published, a petition calling for Sadiq Khan, the new Labour Mayor of London, to “Declare London independent from the UK and apply to join the EU” emerged on change.org. The petition has already gained just over 60,000 signatures at the time of writing in less than 12 hours.
The sentiment felt by many Londoners was aptly expressed by petition supporter, John Gowers, who lives in Bath: “One pound in every five earned by Londoners is used to fund the rest of the UK. In a typical year, London contributes £10 to £20 billion to the rest of the UK and receives nothing in return. Even though the Houses of Parliament are situated in London, Londoners are only able to elect around 11% of MPs in the commons; Londoners have *no say* in how the vast majority of MPs are elected, yet they are still subject to their laws. London has *no control* over its borders while it remains a member of the UK. Since 2007, there have been more people coming into London from the UK than there have from the rest of the world combined. An independent London would be […]
