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Brexit uncertainty dents London’s appeal to wealthy international families

The world's richest are concerned about 'potential changes to the fiscal environment' following high government borrowing

The report by Julius Baer looks at the prices of luxury goods and services around the world
The report by Julius Baer looks at the prices of luxury goods and services around the world Photo: Getty Images

Brexit uncertainty has made London less attractive to internationally-mobile high net worth individuals, a report by Swiss wealth manager Julius Baer has found.

The city’s place on Julius Baer’s lifestyle index stayed static this year, which the report said was “probably due to Brexit-related uncertainty and because sterling is down approximately 20% on its pre-2016 levels”.

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