London is the world’s fifth most expensive city (in case you’ve been living under a rock and don’t know this already)

But are we in the top 10 global earners? Ah ha ha ha, no.

Unless you’re a millionaire, the fact that London is an expensive city to live in won’t have escaped your attention.

So there’s certainly a level of vindication for Londoners to discover that our capital is the fifth most expensive city in the world.

But according to those at Swiss bank UBS, who carried out the research, we’re only the 13th highest earners on the planet.

“This suggests London isn’t a highly priced labour market in terms of the purchasing power of goods [and] labour remains quite competitive from a business perspective,” said Bill O’Neill, head of the UK investment office at UBS Wealth Management.

Zurich, Geneva and New York City were the most expensive to live, while workers in Zurich, Geneva, and Luxembourg earn the highest gross wages.

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