1. Innovative 2. Reach of 3. Regulatory 4. Access to 5. Resilient business Our global offer to business: ecosystem 昀椀nancial activity environment talent and skills infrastructure London and the UK’s competitive 22 strengths supporting economic growth 4.3 Quality of life Districts, the programme will work third most expensive 昀椀nancial centre London has the best cultural offering to drive domestic and international to live in, after NYC and Singapore, in the world, and the City of London footfall and support SMEs through and ahead of Hong Kong. The rising wants to make it even better. increased spend. cost of housing is responsible for a lot London is a global creative hub as Source of this pressure. It has increased for well as a global 昀椀nancial centre. both homeowners (through higher London has the best cultural mortgage rates) and renters. The Mori Memorial Foundation 2023, Destination City 2023 o昀昀ering in the world, making it a cost of renting in London increased more attractive place to live for 10% in 2023, following a 20% increase UK cost of living continues to rise, 昀椀nancial services workers. London in 2022. This makes hiring younger making working in London harder for has more foreign visitors than other employees and encouraging them young people. 昀椀nancial centres, o昀昀ers a broad into the o昀케ce more challenging, range of theatres, concert halls, and and so salaries and bene昀椀ts have Rampant in昀氀ation and higher interest museums, as well as a wide spectrum increased accordingly. rates have increased the cost of living of dining and shopping options. around the world, making living in Source cities harder for FPS workers. The Destination City is the City of London Numbeo 2023, OpenRent 2023 cost of living in London increased Corporation’s programme to reinvent signi昀椀cantly in 2022. It is now the the Square Mile as a leading leisure destination for workers, residents and visitors to enjoy. In 2023 the City of London’s 昀椀rst leisure brand was launched, with a new website and digital channels dedicated to showcasing the City’s cultural and leisure o昀昀er to new and existing “London has the best cultural o昀昀ering audiences. A new Destination Insights programme will help in the world, making it a more inform developer decisions, the operating plans of occupiers, and attractive place to live for 昀椀nancial measure the impact of the leisure economy – by understanding who services workers.” comes to the City and why. Working closely with landlords, managing agents and Business Improvement RESURGAM by BANDALOOP. Bartholomew Fair 2023. Credit PA/Doug Peters.