Economical for Expats

A new report by ECA International shows that the cost of living in UK cities has dropped dramatically on account of the devaluation of sterling. Of course, that doesn’t do much to help those who earn their wages in sterling; but for international businesses posting staff in the UK, and international expats earning in home currencies, the fall of 68 places in the global league table might present opportunities. When considering the possibility of international business relocations post Brexit, the relative cost of floorspace is often discussed in real estate circles. However, by far the larger cost is the cost of labour and in this regard, it is good news for the UK that our cities now rank behind the likes of Paris, Berlin and Brussels.