London, ten years later

by Gareth Smith November 1, 2007

written by Gareth Smith November 1, 2007

When I left England in 1996, I had no e-mail address and no cellular phone, Tony Blair was yet to become prime minister, and Manchester United had just won the English premiership with youngsters Paul Scholes, David Beckham and Gary Neville. Eleven years on, a Japanese diplomat in Tehran warned me London had become expensive and a British diplomat assured me there was a wider variety of food in supermarkets. Both were right. Renting a one-bedroom flat in central London can easily be $1600 a month, and my municipality tax is another $200. A pretty average curry is $100 for two, and a Lebanese breakfast in Edgware Road can top $50. Britain is unquestionably more affluent. The average income is £1800 ($3,600) a month, with living standards rising 2.3% a year since 1996. The over-50s have accumulated more wealth, largely from rising house values, than the combined GDP of the UK,

2007 London prices

Gareth Smith

Gareth Smith was a distinguished journalist who reported from the Middle East for over two decades. He served as the Financial Times correspondent in Tehran, where he was the chief Iran correspondent from 2003, following his earlier role as Lebanon correspondent. Throughout his career, Smith covered Middle Eastern affairs for leading media outlets, including The Financial Times, The Guardian, and the BBC. He also contributed as an editor to Executive magazine. His work as a freelance journalist in the 1990s, focusing on the politics of Iran and Iraq, paved the way for his appointment at the FT. In 2009, he relocated to the west coast of Ireland, where he balanced freelance journalism with his passion for nature and the land.

London, ten years later

You may also like