London is the preferred weekend destination of France's fashion victims, who jump on the Eurostar to go shopping, but it's also the choice of rich businessmen and millionaires. 'How many restaurants, hotels or shops set their prices according to the thickness of the wallets belonging to City traders or American bankers?' asks a member of the British chamber of commerce. A London-based French lawyer says it's difficult to live here on less than a million francs (pounds 95,000) a year.
The 'Froggies' may get the blame if house prices rise further: 18% of foreign purchasers in London are French. And they tend not to worry about the price - unlike Londoners, who grumble in the face of this explosion in costs.