But given that Brexit, “anyone can pay for their personal drinks”, stated Ms Rivero, who works as a midwife in London.
Ms Rivero and her husband, who’s a teacher, are sufferers of a vulnerable pound, which has harm the wallet of expats paid in sterling in the UK.
But for a few employers that has made the UK more appealing compared with different financial hubs.
The weak foreign money and coffee inflation has made towns like London, Birmingham, Aberdeen and Belfast greater inexpensive for corporations seeking to relocate group of workers to the u . S . A ., in step with a take a look at with the aid of consultancy Mercer.
But that does not assist Mr Amor who had €800 in his pocket while he arrived within the UK in 2012. He had timed it badly, the euro become at a four-yr low in opposition to the pound, valuing Mr Amor’s financial savings at simply £632.
It was nothing
And that did not get him far. “It was nothing,” he said.
By 2015, the pound become the most powerful it were against the euro in extra than seven years, which made Mr Amor feel rich when he returned domestic.
But within the three years since the EU referendum, the value of the pound has weakened. Against the euro, it has fallen via 14%, with £1 now really worth €1.12 and it has fallen 7% in opposition to the dollar, with £1 worth $1.27.
Mercer’s Michael Grover said that while British holidaymakers and those like Mr Amor and Ms Rivero have been “likely feeling that weaker pound”, it made the United Kingdom more attractive to international firms.
“If you are offering a person their bundle in kilos, it truly is perhaps less attractive than it was in the past,” Mr Grover said.
“But in case you’re an corporation [such as] a Silicon Valley tech agency this is looking to installation its European operation, a weaker pound makes London extra attractive.”
Last 12 months, London got here in as the nineteenth maximum high priced metropolis to relocate to. But the weaker pound and sluggish boom has made it more inexpensive, pushing the capital into the twenty third spot.
Birmingham fell seven locations to 135 on the list, Aberdeen slipped by means of three places to are available in at range 137 and Belfast gave up six slots to rank 158th.
The only exception turned into Glasgow which climbed up the ranking, gaining three locations to are available at 145th.
“UK towns’ fall in this year’s rating is in particular because of a strengthening of the USA dollar against the pound,” stated Mercer’s Kate Fitzpatrick.
“Price inflation stays low, preserving any increases inside the price of residing to a minimal for expatriates and locals alike.”
She said the United Kingdom “remains an attractive vacation spot” for companies looking to relocate body of workers, despite “nicely-publicised macro headwinds”, inclusive of Brexit.
