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London pipped by Los Angeles in ranking of top cities worldwide

London has just missed out in a prestigious ranking of global cities – coming second only to Los Angeles. Despite the worries over Brexit, the UK capital rose in the rankings of 161 cities around the world, according to multinational asset management firm Schroders.

Its Global Cities 30 Index ranks mega-cities on factors including earning power, education and retail sales.

The top ranked cities share common factors such as top universities, excellent infrastructure and pools of high-skilled workers. They also tend to be economically diverse and are highly attractive places to live due to diverse cultural and leisure activities.

“We maintain that London has a competitive advantage in location, language, scale, infrastructure and cultural diversity,” said Hugo Machin, at Schroders.