UK falls behind Japan in expatriate pay table

The UK is no longer the most expensive country within the world’s top 40 financial hubs for expatriate pay packages, a study today suggests.

According to global mobility expert ECA International, the UK has fallen to second place, behind Japan, as the value of a typical pay package for an expatriate middle manager in the UK is now $344,508 (£258,258), a drop of $39,898 compared to last year.

Steven Kilfedder, production manager at ECA, said: “Over the past few years we have seen a steady drop in pay package values for expat workers in the UK when compared in US dollars internationally.

“The fall in the value of the pound after Brexit has made it cheaper to send staff to the UK from abroad, resulting in Japan replacing the UK as the most expensive location to send staff.”

The research also found that India has become increasingly expensive for companies, with an average total pay package of $293,097.