“It’s a rare chance to actually be on the better side of the money equation as an American in London,' Julian Asher, who moved from New York to London 16 years ago, told jaweedkaleem.
The British government has dropped plans to cut income tax for top earners after defending the proposal for days.
For Emily Ashleigh, an American visiting the British capital, the incredibly shrinking pound has also been a boon. Justin Yoo, an American who has lived off and on in London since first arriving as a student in 1994 — when the pound was around $1.50 — said its drop in value made him feel “almost a little ripped off.”
The plunging pound is a blow to the U.K.'s prestige as well as its pocketbook. The pound is inextricably bound up in British identity; when the country belonged to the EU, it demanded — and received — an exemption from. But the currency’s poor performance of late has dented the sense of British superiority.
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