London without the pink sunglasses

As the overblown London housing market is slowing down and the economy is heading for even bigger slump, Londoners are spending less money on the luxury and more time looking for bargains. (That is unless you live in Holland Park, Camden Town or Hampstead where some people still seem to be pretty relaxed about dining out two to three times a week in horrendously overpriced local restaurants.)
Many of us are beginning to watch pennies over food and gas bills. For the latter the weather doesn’t help at the moment.
Last night it was so cold that we had to put the central heating on for few hours. This is the end of May we are talking about!
Amount of unemployed people in London has risen by 20 000 this year and finding a job, even very low paid one is no longer a matter of one to three weeks.
This is not surprising with economy headed by Gordon Brown going down the toilet, but it is surprising why has London seen much sharper rise in unemployment than any other place in the UK.