London retains crown as top spot for attracting business and talent but Treasury warns of hit if Brexit transitional deal not secured soon

Oct 12, 2017 · cityam.com

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London has retained its number one spot as the best major city in the world for attracting businesses and talent, according to an influential ranking published today.

The ranking, carried out by academics from top global universities for Japan’s Mori Memorial Foundation, shows the capital extending its lead, based on 70 factors ranging from the economic output per person to the ease of commuting.

London has topped the decade-old ranking in every year since 2012, benefiting from its cultural impact, in which it tops the chart, and powerful research capabilities, for which it is second after New York, the nearest overall challenger.

Tokyo came third in the ranking, followed by Paris, the highest-ranked "power city" in mainland Europe.

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