Philips moved its UK headquarters from Croydon in 2004.
Here is how they describe Croydon in their 2004 Sustainability Report:
"The decision to move Philips UK's headquarters out of Croydon could have added to the distress of this community that already had areas of significant deprivation..."
The more deprived and squalid Croydon becomes, the less likely it is that companies and individuals will seek to work or locate here.
Thus the cycle of deprivation will continue.
Are Croydon Council proud to be associated with "significant deprivation"?
Are the citizens of Croydon happy to be living in an area of "significant deprivation"?
The council elections come next April, time to make your voices heard.