London is going to be rich, boring and soulless unless we do something to prevent making it a city that is inaccessible to "real" people.

It is a cycle: too expensive for the young so wealthy olds vote to accommodate the wealthy old (and repeat). So "yes", unlikely to change.

However, looked at another way, this is a huge opportunity. All the cool young minds are looking for a new centre of gravity - wherever they settle will be home to the next wave of innovation.

Let's just hope they stay in Britain.