London Tops New York for Finance

A debate that’s raged for several decades – and could rage for many more – came to the fore once again Monday with London being named as the best city for “economic clout” by a new industry survey.

This means the U.K. capital steals New York’s top spot, according to the survey conducted by multinational professional services network, PwC. London was named as the best city overall, with the report also heaping a wealth of other titles on the financial hub, naming it as the best for international travel and tourism and adding it was “technologically on top of its game.”

The study called The Cities of Opportunity Index is an annual index of 30 major cities and is based on publicly available data from the World Bank, the International Monetary Fund and other national statistics organizations. London took the overall top spot with New York and Singapore in second and third respectively. Toronto, San Francisco, Paris, Stockholm, Hong Kong, Sydney and Chicago made up the rest of the top ten.

CNBC

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