UK cities have become more attractive for overseas employers, dropping down the global cost of living index rankings through the course of 2017, according to research by ECA International. London has fallen to 139th in the league table of the most expensive cities in the world, dropping 36 places in 12 months, putting it behind Athens, Rio, Dublin and Harare, the data suggests.
Steven Kilfedder, production manager at ECA International, said:
‘The UK and mainland Europe are going in very different directions in terms of rankings as the UK struggles with higher inflation and a weak pound while the euro has strengthened.’