More workers around the world want to live and work in London than any other city, a massive survey has found, despite recent statistics showing it is the most expensive place to live and work in the world.
The poll, which looked at 200,000 people working in 189 countries, found that almost one in six want to come to the British capital to work, ahead of New York and Paris.
The results are surprising, as London was recently crowned the world’s most expensive city to live and work, overtaking Hong Kong as the priciest place for companies to locate offices and workers. Property prices have increased by 18.4% in the past year.
The new study by Boston Consulting Group (BCG) and totaljobs.com shows the cost of living in London does not deter international workers. Mike Booker of totaljobs.com said:
“This report cements London’s reputation as a truly global city. Not only does it offer a wealth of job opportunities in a range of industries, but it boasts some of the world’s top cultural attractions, so it’s no surprise that people across the globe want to come and work here.”
The UK as a whole was considered the second most desirable country to do business in, with 32% of the respondents wishing to work here. The US topped the survey with 42%.
British workers are also less likely to move abroad for their work. On average, two thirds of workers from other countries said they would emigrate for their job, whereas in Britain, the average stands at less than half.
BCG said these figures were largely linked to the strengthening British economy. Rainer Strack, a BCG senior partner and one of the study’s co-authors, said:
“It’s a world in which the geographic barriers to employment are coming down, including in the minds of some of the most talented and highly educated workers.
“This is opening up significant opportunities for individuals and for the many countries and multinational companies that are facing talent shortages of one sort or another.”
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