London back on top as best financial city

Michael Bow
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LONDON has won back its crown as the best financial city on earth after climbing to the peak of a global ranking of the best places to do business, a heavyweight study showed yesterday.

The capital climbed four spots from last year to claim joint first position with New York in a ranking of 27 of the world’s leading cities, beating off competition from Tokyo, Paris and Hong Kong, according to a study from financial services firm PwC.

It ranked London as the best city for its international connectivity as well as putting it top for its public transport system, universities and health service. It also gave it top marks for its economic clout, cultural vibrancy and ease of doing business.

Mayor Boris Johnson said: “Yet again another major survey shows London leaving the global competition in its wake as the best city in the world to live, visit, work and invest in and tying with the Big Apple.” London did less well on sustainability and natural environment, coming 16th in the rankings.


1 = London
1 = New York
3 Toronto
4 Paris
5 Stockholm
6 San Francisco
7 Singapore
8 Hong Kong
9 Chicago
10 Tokyo