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London Becomes Cheaper Than New York for First Time In 15 Years

London Becomes Cheaper Than New York for First Time In 15 Years

Tuesday, March 21, 2017, 7:55 PM

London has become the cheapest of the world's major global centers, with the cost of living falling behind that of New York, Paris and Tokyo to its lowest level for two decades. According to the EIU world rankings, the fall is almost entirely due to the Brexit-inspired 15 % fall in the pound's fall since last June's referendum to leave the EU.
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