England Is The Cheapest Place To Buy Luxury Goods, And Here's Why

Thank Boris

If you've ever stumbled across rails of £1,200 coats in London, or £12 cheeseburgers in Manchester, you'll have probably come to terms with the fact our great country is pretty expensive. But how does it fare against other shopping destinations? Pretty well it turns out. 

New research conducted by the luxury goods department at Exane BNP Paribas has unveiled the UK as the cheapest luxury goods market in the world. 

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Sound exciting? Well it's all down to Brexit, that bittersweet maiden, which has devalued the pound against the Euro. 

Luca Solca, who was head of the research, spoke to Business of Fashion about the findings:

 "The Brexit vote has made the UK the cheapest market in the world for luxury goods. A weak British pound will boost travel inflows to the UK, helping British luxury goods players like Burberry, Mulberry and Jimmy Choo."

So you might get more for your money... but most of us probably still can't afford it.