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GLASG
OW has just been named the
UK’s coolest city - and the judges at National Geographic weren’t just talking about the weather. It has been described as ‘Manhattan with a Scottish accent, brimming with fine architecture and the best shopping and restaurants outside London’. Home to
Scottish Opera,
Scottish Ballet, music and theatre companies, it is a cultural city 52 weeks of the year and, with world-class attractions and conferences, it’s a top European destination for leisure and business.As well as attracting tourists, it is also becoming a magnet for the investment industry. Morgan Stanley, JP Morgan and Barclays Stockbrokers have offices in the city and National Australia Group, the bank, has its European headquarters in Glasgow. More than 28,000 people now work in financial services in Glasgow – one in 13 of all employees in the city. Now, the city fathers are creating an International Financial Services District in the Broomielaw district to lure more businesses to Glasgow.
The financial services sector is the fastest growing industry in Glasgow, having grown 34% since 1995 – faster than any other sector.
So why work in Glasgow when the pay is lower than in London?
Well, opportunities are growing. If the IFDS’s success continues there will be a greater variety of jobs available and salaries will rise. But the main attractions are the city’s cosmopolitan feel, its high quality entertainment, low cost of living and proximity to stunning countryside. The average house price in London is £289,500, but in Glasgow is less than half that at £130,175. Commuting is far easier than in London and Glasgow has not only the biggest suburban rail network outside the capital but also some of Britain’s most beautiful scenery within 20 minutes.
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