British cities tumble down rankings of the world’s most expensive places to live as pound weakens

British cities tumble down the rankings of the world’s most expensive places to live as the pound weakens against the dollar – with London falling from 19th to 23rd

  • British cities fall down rankings in survey of world’s most expensive places to live
  • The strengthening of the US dollar against the pound is the main reason
  • London has fallen from 19th to 23rd, Birmingham fell seven places to 135th

British cities have tumbled down the rankings in an annual survey of the world’s most expensive places to live.

The strengthening of the US dollar against the pound is the main reason, according to the study – which said despite concerns over Brexit, the UK remained an attractive destination for organisations looking to relocate staff.

The research, compiled by Mercer, aims to help multinational companies and governments determine levels of compensation allowances for their expatriate employees.

Glasgow climbed from 148th last year to 145th as the exception to the rule

It measures the comparative cost of more than 200 items in locations around the world, including housing, transportation, food, clothing, household goods and entertainment.

London has fallen from 19th to 23rd. Birmingham fell seven places to 135th and Aberdeen fell three places to 137th. Belfast fell six places to 158th.

The exception was Glasgow, which climbed from 148th last year to 145th.

The costliest city in the world for the second year in a row is Hong Kong, followed by Tokyo, Singapore, Seoul and Zurich. New York was ninth, with Paris 47th and Sydney 50th.

London has fallen from 19th to 23rd most expensive city to live in. Birmingham fell seven places to 135th and Aberdeen fell three places to 137th. Belfast fell six places to 158th

London has fallen from 19th to 23rd most expensive city to live in. Birmingham fell seven places to 135th and Aberdeen fell three places to 137th. Belfast fell six places to 158th

 

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