FROM tequila to tapas to travel, everyone knows you get more bang for your buck in Spain compared to back home in Blighty.
But new statistics suggest Londoners could save a fortune if they commuted to work from Spain.
UK MP Tessa Jowell claims those working in England’s capital could save more than €5,500 a year by living in Madrid.
Citing sky-high London rental prices in England’s capital, Jowell also factors in the travel costs as well as the cost of living in her study.
“The housing crisis is getting worse all the time – and renters are paying the price,” said Jowell.
“Londoners are now paying so much to landlords that they could be better off commuting from Madrid than staying in London.”
Her research found that an average Londoner would save €575 a month, despite having to fly to work every day.
The Labour mayoral candidate based her study on a Londoner who spends an average of €2,868 on rent and travel each month.
She found the average Madrileno forks out just €750 on the same expenses.
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