The most expensive country to live in 2022 and it’s not the UK – top 10 list

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The most expensive country to live in 2022 and it’s not the UK – top 10 list

While many perceive the UK to be an expensive country to live - it only makes it to number 27. Despite the cost of living crisis making many Briton

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While many perceive the UK to be an expensive country to live – it only makes it to number 27. Despite the cost of living crisis making many Britons miserable, countries such as Australia, Ireland and France are more expensive according to latest research.

Moving to another country is an appealing prospect for many but it’s worth checking out just how expensive it’s going to be before booking that flight.

Maxine, a 24-year-old student from Germany told Express.co.uk how she was shocked to discover her rent is four times as much in the UK and she has a much smaller living space.

She said: “It’s definitely more expensive in the UK.

“I live in one room with a shared bathroom – in Germany you could have a four bedroom flat for the same price.”

READ MORE: State pension age change could affect eligibility for a free bus pass

More interest rate rises are on the cards, the deputy governor of the Bank of England warned.

Sir Jon Cunliffe said that rate setters at the central Bank would do “whatever is necessary” to stop the surge in the cost of living.

Meanwhile, the bank’s top economist, Huw Pill, said interest rates may need to rise at a quicker pace to rein in “uncomfortably high” inflation.

If the Bank of England lifts rates by a half point to 1.75 percent in August from 1.25 percent, this would be the biggest single rise made by the Bank since it gained independence in 1997.



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