Is London too rich to be interesting?

It used to be so easy. You left university, came to London and got yourself a flatshare in one of the cheaper areas: Notting Hill, Maida Vale or Highgate. Living was cheap and if it took you a while to find out what you really wanted to do with your life you could drift about a bit and get by. But now thanks to vast City bonuses and the influx of foreign billionaires, London house prices have soared beyond the reach of all but the seriously rich. Parts of Notting Hill and Kensington have become ‘buy to leave’ ghost towns, the houses boarded up and showing no signs of life. Shoreditch and Hackney, not long ago the hip new outposts for musicians and artists, are now home to well-paid professionals. And London is the worse for it. That’s the argument of those who worry that London is becoming too rich to be interesting. But is there any evidence that the city is growing bland? Quite the reverse. On any evening almost wherever you go London’s streets are abuzz with life. People here crave a communal experience and the city provides it with its 600 parks, thousands of pubs and dynamic cultural scene. There’s a dynamic between wealth and creativity that keeps London exciting. If you prefer greater egalitarianism and more cycle lanes, there’s always Stockholm. Joining us to discuss the question "Is London too rich to be interesting?" were rapper and poet Akala, journalist Tanya Gold, artist Gavin Turk, and author and journalist Simon Jenkins. The event was chaired by Kieran Long, senior curator of contemporary architecture, design and digital at the V&A.

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