Economy
In London, the Rich Are Heading to the City and the Poor to the Suburbs
The U.K. capital is undergoing its own great inversion.
When it comes to wealth, London is currently being turned inside out.
That’s the condensed verdict of a report released last week by think tank Centre for London. Looking at the U.K. capital’s demographics since the millennium, the study found that key trends that had dominated the city for at least a century have recently been reversed—often dramatically so.