According to every non-wealthy Londoner that I've spoken to...yes. Regular folk that live in the city are being squeezed every which way. They don't want to leave because its always been their home but the city is optimizing for the wealthy and well-to-do.
It'll be interesting to see what happens if all the really cheap labor stops showing up (cheap labor from the EU) and working people clear out of London. What good is your million dollar flat if you can't get furniture delivered or a tradesperson in to fit a wardrobe?
I'm a Londoner who's just swapped their car to meet the ULEZ standards and it's not that demanding cost wise. Pretty much any petrol car after 2002 or so qualifies and glancing at Vauxhall Astras for example you can get one from £650 in serviceable state. It's a bit of a pain but not compared to dying early of some respiratory illness.
It'll be interesting to see what happens if all the really cheap labor stops showing up (cheap labor from the EU) and working people clear out of London. What good is your million dollar flat if you can't get furniture delivered or a tradesperson in to fit a wardrobe?