New York, Chicago, Los Angeles, and Minneapolis, aren’t the only big cities being ruined by “progressive” mayors. London is going down the tubes too.

Here is how British columnist Michael Lynn, writing in the Washington Post, explains the economic impact that London’s Labour Mayor Sadiq Khan has had on his city:

As New York prepares to elect a left-wing mayor, perhaps voters there should reflect on London’s lessons — because their city could easily be going the same way.

The depreciation of the British capital’s once powerhouse economy is becoming more obvious every day.

The City of London used to be the key financial hub for all of Europe; this year it dropped out of the list of top 20 initial public offering markets in the world, overtaken by Mexico and Oman. Major British companies have shifted their listings to New York, while some newer ones don’t even bother considering London…

Likewise, the glitzy skyscrapers that had started to line the Thames are no longer getting built, with projects such as the planned “Tulip” skyscraper blocked. Indeed, hardly anything gets built anymore, with new housing starts down 38 percent year on year…

The Labour Party’s Sadiq Khan is now in his third term as mayor, and has partnered with the Labour government in power nationally to crush the economic life and energy out of the city. Under Khan and Prime Minister Keir Starmer, new ideas get blocked and wealth creation is demonized.