In reality London hasn't entered the doom loop thanks to offsetting the retail apocalypse with the 'playground city' thing, whereby many shuttered shops are replaced by restaurants and bars, almost too many. However it still faces major obstacles.
The big thing the city and UK overall has to deal with is Brexit. London's managed to coast it by replacing EU workers with those from further afield -the only thing Brexit did other than lose 200 billion in trade was bring in absolute record shattering numbers of migrants (1.2 million a year at last count, comparable to the US).
A noticeable fallout is still prices and greedflation, though not as severe as the US, but the abject decimation of nightlife, which has indeed entered a doom loop. Central London, once home to the worlds biggest nightlife districts and 24hrs is now quieter than outer zones as Millennials/ Gen Z just go to their locals to party, drink less and spend less - a pint (or increasingly small bottle) is now $10. Pubs now close at the draconian times of 11am, just like they did before, despite the 24hr licensing. Club land is gutted, and this last year has been mind-blowing, almost everyone I meet now comments on how much quieter it's become overnight, kicking a can down Soho or walking your dog/ grandma after a nice little meal.
The housing market is also reaching 'emergency not crisis' as the city grows by over 100,000 a year and a fraction needed being built despite the Mayor's record construction. Another gem in the waiting is healthcare, the NHS reeling from crisis after crisis as a fallout from the pandemic and the strikes from the cost of living, now facing severe debt. As reminder, a well paid doctor can no longer afford to buy in the city.
Overall the city does look like things are fine and ticking over -for example tourism is absolutely booming due to the weakened £, educational performance is consistently the best in the country despite more deprivation, population is still rising etc -but the problems are still there, though different. I think the major one is the housing, followed by healthcare, followed by rising street crime (contrasting with overall falling crime) -the latter of which, although petty, can decimate cities if not checked.
In short, different problems.
Last edited by muppet; May 19, 2024 at 9:06 AM.
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