EIU says Singapore has worlds highest cost of living,as cities from Australia and unusual Zealand overtake UK capitalLondon has become the cheapest of the world’s major global centres, with the cost of living falling behind that of unusual York, and Paris and Tokyo to its lowest level for two decades.
The city’s tumble down the Economist Intelligence Unit (EIU) world rankings is nearly entirely due to the Brexit-inspired 15% fall in the value of sterling since the EU referendum final year. The pound’s fall has made prices in London much cheaper for foreign visitors,although not for local residents who earn their incomes in sterling. Related: Brexit Britain is suddenly debating trade – but it's the wrong talking point | Larry Elliott Continue reading...
Source: theguardian.com