going to london for your 3rd year??

I was curious to hear from guys who started out in new york, and opted to go to london for their third year as an analyst. I know this is especially popular at places like deutsche and Barclays. I have met people who have done it at other banks as well, including american based banks (Citi/goldman/ms).
I was curious to know....

do only people who didn't get exit opps do this? does the bank typically pay for relocation, what is included in the relocation package? flight/executive apartment? how is pay handled, in pounds or dollars? what about taxes?? How easy is it to come back to nyc?? Did you come back as an associate....and/or shave a few years off the ladder? Is the overall experience good, or does not really matter since you will barely have any time to actually enjoy living in different city/country, and you won't have many friends to spend your little time with?

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