[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  City A.M. [@CityAM](/creator/twitter/CityAM) on x 79.2K followers Created: 2025-07-14 15:30:16 UTC The government’s decision to charge VAT on private school fees has helped make London the world’s second most expensive city for footloose super-rich individuals. According to a fresh study from Swiss bank Julius Baer, the UK capital overtook Hong Kong to come second on its annual ranking of the most expensive cities in the world for its ultra-high-net-worth clients, with Singapore ranked first. Renowned boltholes of the super rich – Monaco and Zurich – rounded off the top five, but the study observed that low-tax Dubai was “nipping at the heels of the bastion cities” in the world. Authors highlighted the UK government’s decision to bring private schools into the orbit of VAT as being the predominant driver for higher costs for London’s wealthy residents. Read the full story here 👇 #uk #london #news #economics #economy #business #finance #personalfinance #money #wealth #ultrarich #superrich #tax #politics #labourparty #rachelreeves  XXXXX engagements  **Related Topics** [singapore](/topic/singapore) [hong kong](/topic/hong-kong) [$baersw](/topic/$baersw) [london](/topic/london) [Post Link](https://x.com/CityAM/status/1944781497908502587)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
City A.M. @CityAM on x 79.2K followers
Created: 2025-07-14 15:30:16 UTC
The government’s decision to charge VAT on private school fees has helped make London the world’s second most expensive city for footloose super-rich individuals.
According to a fresh study from Swiss bank Julius Baer, the UK capital overtook Hong Kong to come second on its annual ranking of the most expensive cities in the world for its ultra-high-net-worth clients, with Singapore ranked first.
Renowned boltholes of the super rich – Monaco and Zurich – rounded off the top five, but the study observed that low-tax Dubai was “nipping at the heels of the bastion cities” in the world.
Authors highlighted the UK government’s decision to bring private schools into the orbit of VAT as being the predominant driver for higher costs for London’s wealthy residents.
Read the full story here 👇
#uk #london #news #economics #economy #business #finance #personalfinance #money #wealth #ultrarich #superrich #tax #politics #labourparty #rachelreeves
XXXXX engagements
