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The cost of living in London is higher, but the increase in pay more than makes up for this

Are you sure? I made the opposite move for reduced cost of housing (and commuting).

This definitely depends on the specific job, but in general there are more opportunities for high paying positions and a higher salary ceiling. It also depends on where you want to live within London and the kinds of activities you want to take part in. For me, I've found I have way more disposable income since the move to London as I had a huge salary increase from my previous job in Edinburgh. Although I have much, much less free time and would say I'm generally more unhappy

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