46k in london is bad. 46k outside of London is respectable.
Of course, we may be too old, and earn less than those with 5 years' experience who have better knowledge of this week's single-page JS framework...
(my sample group includes some pretty dedicated, smart people as well as barely-adequate slackers like myself)
But we do all get decent holidays and sick days, which is a definite bonus.
Cloud plus Agile still seems to be the flavour of the month. There are always opportunities in serious back office/infrastructure programming (Java, C#, C++) in fields like banking, too, but those positions often require relevant experience of their field as well as the programming skills, or at least say they do in the ads.
Whether a 15-year vet would do a better job picking up this week's buzzwords on the go than a 3-year newbie who has never known anything else is a different question, of course.