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Expensive London Is Still the U.K.'s Top Destination for Young People

High cost of living hasn't stopped British Millennials from flocking to the city.
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London, we in the media love to report, is becoming a colony of the global super-rich, with foreign investor playboys buying up whole buildings, neighborhoods, even districts of the city – pushing up prices, driving out locals, and leaving the city increasingly without a sense of normal life.

But London has always drawn in the young and ambitious as well as the already successful. A new report from the London-based think tank Centre for Cities provides compelling evidence that, despite its high cost of living, London continues to draw in more young and productive talent from across the United Kingdom than any other city. And it's London’s continued ability to attract talent, the report concludes, that has been central to its economic growth and to the U.K.’s ongoing economic recovery.