In the capital, about half of households rent. The other half own.
At present, the official of national statistics’ monthly house price data are a cause of mixed emotions; there needs to be a psychological term for renters’ remorse.
During an eight-day visit to London in 1862, Fyodor Dostoevsky visited The Crystal Palace, which he later described as that “terrible force that has united all the people here, who come from all over the world, into a single herd”. The Russian writer was as horrified by the glitzy universalism of the international exposition as he was by the poverty he saw along “catastrophic” Haymarket and booze-addled Whitechapel.
I thought of this indiscriminate attack on London when reading Ben Judah’s acidic op-ed on Saturday in the New York Times, which comes a few months after the grey lady published a trenchant piece by Michael Goldfarb on how overseas investment in the capital’s property has allegedly led to an exodus of the English middle classes. Judah’s London, like Dostoevsky’s, is ubiquitously effete and dreadful, a city laid supine at the foot of the Shard and its real masters, the oligarchs of Mayfair. Read more
One Sunday last year I was walking through London Fields and a pretty couple stopped and asked if I would like to buy some Camembert. They had a bicycle and a basket and a baguette and French accents. I have been offered more exotic bootleg goods in Hackney but this was a pleasant, if suspiciously stereotypical, reminder of the growth in London’s French community. Read more
At least since Michael Goldfarb’s incendiary op-ed in the New York Times, there has been discussion about a “great exodus” from London. This chart shows that there is nothing new in recent history about net internal emigration from the capital; young people come for work and to find love, and they leave – if everything goes to plan – with a job, a mortgage adviser, and a partner. Read more
Boris Johnson’s speech on Wednesday night to the Centre for Policy Studies is receiving attention for his comments on cornflakes. In a robust defence of free market capitalism, the London mayor argued that it is the only way to ensure cornflakes, a metaphor for humans, can “rustle and hustle their way to the top”. As ever, it is a rollicking read, perhaps the best recent defence of Margaret Thatcher’s legacy. As ever, on display is a rare example of honest vibrancy in a politician’s language. And as ever, Mr Johnson shows a tendency to come empirically adrift on a sea of his own loquacity. Read more
Toronto may have a crack-smoking, citizen-baiting mayor whose chubby recalcitrance has caught the world’s attention but it remains the best city to be young. That at least is the finding of a new report from Youthful Cities, a (cough) Toronto-based organisation which has ranked 25 of the world’s big cities by their supposed youth-friendliness. Read more
The chart shows the resident populations of London’s inner boroughs and the City, as well as the daytime flows in to or out of these areas (2011 data). Westminster, for example, has a net influx of about 800,000 people; Lewisham has a net outflow in the several thousands. The daytime population of inner London is 68 per cent higher than the resident population, according to the think tank. Little wonder that any suspensions of train services can have a significant effect. Read more
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