London wealthiest city

But, this may be short lived. As new lockdown restrictions come into effect and financial support from the government ends, salaries are likely to drop. This means that professionals in these cities are the riches t in the UK. This is unsurprising given that these cities have the highest basic living costs in the country.

The study is conducted on an annual basis and reveals some fluctuations in the findings over the past 12 months:. As an employer, you have no control over the cost of living in your area. However, you can control the wage you give your staff. Coronavirus restrictions mean that many business es are s truggling at the moment. It is a popular neighborhood for rich families, as the schools in the area are outstanding, and this has contributed to desirability and a hike in prices.

According to Eden Harper , Wandsworth also has the lowest crime rates in inner-city London, which is another factor that makes the area appealing. It is a neighborhood in South London that is known for its pubs, clubs, and hotels. Homes in this neighborhood vary in style and age, and some of the most expensive are the modern waterfront developments. The buzzing night scene appeals to those who enjoy city life and want to live in the thick of all the action.

Lambeth is also known for its cultural diversity. The downside of living in this area is the crime rates. Although it is an expensive part of London to live in, it is also unfortunately known for high crime levels. As its name suggests, the neighborhood also sits alongside the River Thames. It has a less urban and more suburban feel than London, so it attracts people who work in the city but do not enjoy the urban lifestyle.

The neighborhood is known for its strong sense of community, diverse food scene, and nightlife. Hackney tends to attract creative types and young professionals who enjoy the urban lifestyle. One reason that Hammersmith and Fulham is such a desirable location is the low crime rates, as there is significantly less crime in this neighborhood than the London average. The neighborhood has been a residential part of London since the s, so there are properties from every era since that date.

Camden is often associated with people in the music industry, as the area is known for its live music venues. The centralisation of wealth in the U.

When it comes to multi-millionaires, 16 out of the richest 20 towns in the U. Windsor is the richest town, with multi-millionaires, others lie in close proximity in Berkshire, Surrey, Oxfordshire or Buckinghamshire. These are mostly small historical towns, within an hour's commute from the capital. After Windsor, nearby Ascot has the most multi-millionaires, with You have to get to 15th place to find a town or village that is not in the south east, Alderley Edge in Cheshire, which has 40 multi-millionaires.

But technology is helping spread wealth beyond London to the regions of the U. Ten years ago it was hard. Now there's a lot more going on. Manchester, the U. Broadband internet has clearly helped certain businesses outside of the south east and has therefore been a key debate in British politics for years.

Last month the ruling Conservative Party said they would bring full-fibre broadband to every home in the country. On Friday, however, the Labour Party went further, announcing free broadband internet to all homes and businesses if it wins the general election on December The plan would help businesses thrive in rural and coastal areas, said John McDonnell, Labour's shadow chancellor.