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Banking and Finance in London, England: What do you need to know?

20 local experts
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From retail banking to investing, here's what 20 local experts had to say about finance in London, England.

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Before moving to London, one must conduct research into the costs of renting, eating and drinking every month, then budget accordingly. London is a very expensive place to live – having a set budget means you can closely monitor where your money is being spent. The best thing about living in London is the social life, and in turn, the countless places you can visit and spend a day with your friends.

Roxanne, says: 2020

London is a multicultural and diverse city which welcomes citizen from all around the world and makes them feel like home. There is plenty of places to visit like museums, universities, big buildings, banks, restaurants of all kinds, shopping mall, big parks and outdoor activities. I would highly recommend visiting London as the busiest and very beautiful city.

Tracie, says: 2020

In order to reside comfortably in London, one must simply be determined to innovate and take initiative on side hustles. This is highly regarded as a lifestyle for people who have the capability of a prosperous lifestyle, due to their multiple cash unfollow strategies. the purchase of a house in London is a form of long-term residence, mostly as a result of their extreme prices, therefore savings must be prioritised.

Georgia, says: 2020

London is the most vibrant, exciting, and inclusive city in the world. It is the hub for financial services throughout Europe and, some would say, throughout the world. It has a rich history, with evidence of many eras of history, going back as far as Roman times. The UK government, which is based in London, is considered by many to be the mother of modern democracy.

Amelia, says: 2020

London is a very dynamic city. The cosmopolitan has its diversity which includes people from all cultures around the world. Traffic in London is hectic especially during rush hour. The city is also the largest city in the United Kingdom and the capital of England. It’s also a financial power house in Europe.

London is a beautiful city, however we are one of the most expensive cities You can hire a bike for one hour at a time for a small fee, this is a great way to stay active and avoid the local traffic. Although considered expensive, London does have some amazing low budget attractions that may also be free of expenses.

Kathrin, says: 2020

London is the largest city in the UK. With extensive transport links across the capital, which include buses, an underground and overground system which one can pay for using an Oyster Card. This card can be purchased at any manned underground station and immediately credit can be added. There is also a biking system that can be used which currently sponsored by Santander and free for rides under 15 minutes. Great for those summer when temperatures are high as many London buses and underground have little to no air conditioning.

Daniela, says: 2020

London is a lot larger than you might think. You will find it easier to understand London once you view the city as a collection of towns with their own sense of community and identity. With that knowledge firmly ensconced in your noggin, you will find more sites and landmarks than if you remain wandering the banks of the Thames.

Claire, says: 2020

London is the capital of England and the United Kingdom. At its centre stand the imposing Houses of Parliament, the iconic ‘Big Ben’ clock tower and Westminster Abbey, site of British monarch corporations. Across the Thames River, the London Eye observation wheel provides panoramic views of the South Bank cultural complex and the entire city.

London is a collision of rich history and cutting edge modernity. At its centre, gaslit streets meet thriving financial districts, while old terraces are interrupted by brand new high rise flats as you venture out toward its sprawling suburbs.

Each part of London has its own character. It is not so much a single city as multiple towns a cities thrown together by history and circumstance. This is what makes London so great, and why the old adage ‘If you are tired of London, you are tired of life’ is so apt.

Insofar as they wish to use public transportation, namely the Tube network, they should purchase an Oyster card. These may be purchased at many local newsagents, shops, or from many of the Tube stations themselves. Alternatively, one may simply utilise one’s contactless credit or debit card, or one’s mobile phone if they have credit cards stored digitally (e.g., Apple Pay).

London is a multicultural, international hub for finance, communications, fashion and tourism. The population of Greater London is around eight million and it is estimated that over 300 languages are spoken here. There is a wide range of accommodation, but overall it tends to be on the expensive side. Professional workers are welcomed by the authorities.

London is a vibrant Western capital with approximately eight million inhabitants. It is a leading financial and communications hub. There is a relatively high employment rate, with some posts attracting “London weighting”, providing extra income for those living within the city boundaries. There is a range of accommodation types but on the whole it is expensive.

Moving to London isn’t an easy process. There is a lot of paperwork to be completed. Especially setting up a bank account and getting proof of address has taken me a long time. Once you are all settled in, London is a beautiful city with plenty of places to explore.

Rachel, says: 2020

London has so much to offer city dwellers. From world-class restaurants and museums to a wide range of jobs for those in tech, media, finance, hospitality, and beyond, there’s a lot to love about England’s capital. This city consists of approximately 10 million people, nearly five times the size of the second most populated UK city, Birmingham. The centre of London is usually full of tourists visiting the numerous attractions in London such as; The Big Ben, The British Museum, London Eye and Buckingham Palace. Everything from groceries to entertainment to morning americanos are pricey in London but you can make it work if you know how to budget.

Joanne, says: 2020

Anyone moving to London from another country must consider visa requirements and the various bureaucratic tasks, such as opening a bank account and purchasing a UK mobile phone. These can be tricky at first, as many providers request proof of residence. London is a dense city and housing costs are high, so it is a good idea to research the different neighborhoods and types of apartments available before moving.

Thomas, says: 2020

London is a fantastic place but can be very expensive. I recommend in depth research into buying or renting a home to see if it falls in line with your budget. London is also a great place for education with plenty of quality schools, colleges and Universities.

A person who decides to move to London should know it is a very expensive place if you do not have a well-paying job. That being said, it is also a city where there are plenty of opportunities for work, and an extensive list of things to experience, should you be in a financial position to do so. If it is your first time in the city, I recommend buying a ‘London big 5’ attraction ticket. This will allow you to ride the infamous double decker buses for 24 hours and tour the city in which you will be living in.

London is a very expensive city, and this should be carefully considered before moving here. There are lots of great places to socialise, such as trendy restaurants and quirky bars, but budget your money wisely. Whilst there are some cool and hip areas to explore in London, always be cautious of your surroundings, as it is known for petty crime.

Prepare for fast-paced living. I would also advise them to budget And watch their spending as the cost of living in London can be somewhat expensive. Although, moving to London would be a great experience and that I recommend it.

Adrian, says: 2020
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