London has retained the top slot as a centre for business, commerce and culture in PwC’s latest Cities of Opportunity Index of 30 major global cities.

Economic clout, reputation as a city gateway, ease of doing business, universities, innovation, entertainment and attractions are all reasons why London has retained its title for the second year running.

The capital performs strongly across the range of indicators that measure the performance of major international cities. The findings show London significantly extending its lead ahead of its closest rival Singapore, followed by Toronto, Paris and Amsterdam. 

According to PwC, the economic power of the capital is reinforced as it takes the top spot comfortably ahead of the two global powerhouses, New York and Beijing. Madrid is the surprise city, making huge advances to turn the spotlight on mainland Europe with improved GDP and the best jobs growth of any European city.

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