Interesting, average rent in London is around £1000/month, plus £44 council tax (e.g. Wandsworth), plus monthly travelcard £120, gas and electricity £45, broadband/phone £16, mobile phone £15. Leaves about £60/week for food, clothes, etc. If you do manage to find a studio flat for £700/month then that brings it up to £130/week, so you could actually go to a pub sometimes.
I'd pay 65 quid for a mothly bus pass (I didn't have to use subway on a typical day), and the rent was £65 a week plus electricity (3rd zone just outside of the 2nd, Streatham Hill) - for a bedsit, kind of a shithole, but I've seen worse. It was around 2010.