That's less than Roman Abramovich paid for one Chelsea player. There's probably been more than £10m of donations to the Tory party alone from oligarchs. Try again with a more realistic figure.
https://www.theguardian.com/politics/2020/sep/21/tory-donors...
Look, you can bring up minuscule footnotes in Appendix F of what matters to the UK economy as much as you like. Yes these things suck. No they are not even remotely consequential to why a taxi driver in London, or Londoners in general earn what they do or how a modern economy functions.
The more time you spend obsessing over incidental edge cases, because they are things you can get enraged about and get a good adrenalin buzz over, the longer you will be mind blastingly uninformed about how the word really works.