Tuesday, 26 June 2018

London in top 20 most expensive cities for expatriate employees, says study.

London has become one of the top 20 most expensive cities to live in for expatriate employees, according to a global study.

The city has jumped up 10 places from last year, from 29 to 19, according to Mercer’s annual cost of living city survey, which looks at 209 cities.

Birmingham, placed at 128, has risen 19 places and Aberdeen, in 134th position, has risen 12 places in this year’s ranking.

“UK cities’ rise in this year’s ranking is mainly due to a strengthening of the pound against the US dollar,” said Kate Fitzpatrick, Mercer’s global mobility practice leader for the UK & Ireland.

But she added that a fall in rental accommodation prices in London had helped to hold back the city’s rise through the rankings.

By Vicky Shaw.

Full story at Yahoo News.

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