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Article: Myth of affluent Londoner.
- Article from:
- The Evening Standard (London, England)
- Article date:
- July 11, 2001
- Author:
CopyrightCOPYRIGHT 2001 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: JANE PADGHAM
THE POPULAR image of the affluent Londoner is today shattered by new research showing the average standard of living in the capital is only marginally higher than the rest of the country and some sectors of society are significantly worse off.
The annual assessment of London's economy by the think-tank, the Centre for Economics and Business Research, found that the average Londoner earns [pound]119 a week more than the average Briton. But with housing costs 56 per cent higher and bigger food, fuel, tax and shopping bills in the capital, Londoners have only [pound]29 a week more to spend.
The centre calculated that Londoners ...