Moving to London

1. £16'000 is fine. I live in Hackney and pay £450 a month including bills. If you ride everywhere transport costs are nothing. I think there is a misconception that London is generally a really expensive when really when you get past the rent its pretty much the same as everywhere else.
   

You have a good point. I'd not pay anything for transport except from travel to Glasgow occasionally and I have enough airmiles for quite a few flights. I currently live off £459 after rent, bills etc.