London is the capital of England and the United Kingdom. It is the UK's largest and most populous metropolitan area and the largest urban zone in the European Union. London is a leading global city and the world's largest financial centres with the largest city GDP in Europe. Central London is home to the headquarters of most of the UK's top 100 listed companies (the FTSE 100) and more than 100 of Europe's 500 largest. London's influence in politics, finance, education, entertainment, media, fashion, the arts and culture in general contributes to its global position. It is a major tourist destination for both domestic and overseas visitors. The United Kingdom is in Western Europe, and consists of islands including the northern one-sixth of the island of Ireland between the North Atlantic Ocean and the North Sea, northwest of France. The climate is temperate, moderated by prevailing southwest winds over the North Atlantic Current. More than one-half of the days are overcast. The official language is English. There are areas (such as north-western Wales and remote parts of Scotland) where it is the second language. French is the most commonly taught second language. The main religion is Christianity. The economy of the United Kingdom is that of a major developed capitalist economy. The United Kingdom is one of the world's most globalised countries. The British economy is made up of the economies of England, Scotland, Wales and Northern Ireland. In 1973, the UK acceded to the European Economic Community which is now known as the European Union after the ratification of the Treaty of Maastricht in 1993. The UK economy had been one of the strongest EU economies in terms of inflation, interest rates and unemployment, all of which remained relatively low until the 2008-09 recession, when unemployment rose dramatically, and interest rates fell to 0.5%. Expatriate business dress is generally formal, comprising suits and ties for men and suits for women, although this may differ by industry and geographic area. If in doubt, it is best to be more formal than informal. The security risk for expatriates in the United Kingdom is low. Risks include opportunistic street crime (such as pickpocketing, bag-snatching, mugging and vehicle theft), violent crime in some areas of larger cities, and terrorism. The currency of UK is the British Pound (GBP). Banking is on a par with the rest of Western Europe and North America. Medical facilities are good, however the cost of treatment for expatriates from outside the EU can be high. The population of London is 14 Million (Metro) (2019 est.), while the inflation rate (CPI) is 2.1% for the United Kingdom as at July 2019. Xpatulator Hypothetical Tax for the United Kingdom is based on the current personal income tax rates which are progressive up to 45%.
Cost Of Living
The cost of living for expatriates / professional migrants in In London, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): London as at 1 July 2019 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very High 2) Clothing: Very High 3) Communication: Low 4) Education: Low 5) Furniture & Appliances: Average 6) Groceries: Average 7) Healthcare: Average 8) Household Accommodation: Very High 9) Miscellaneous: High 10) Personal Care: Very High 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High London is for example 17.4% more expensive than Houston TX for groceries, 122.3% more expensive for household costs than Kuala Lumpur, and 127.6% more expensive for transport costs than Dubai. The hardship premium for London for an expat from Perth, is for example 0%, i.e. host location (London) premium of 10% minus home (Perth) location premium of 10%. London is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in London? Register subscribe to your home location and London and run your personalised reports.