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Mass Exodus from UK - TheMoveChannel.co.uk

New research has found that a whopping 11 million Brits are thinking of taking a job overseas within the next two years – a significant dent in the population – and a fifth of those would choose a new life down under…

 
PRLog - May 19, 2009 - LONDON, U.K. -- New research has found that a whopping 11 million Brits are thinking of taking a job overseas within the next two years – a significant dent in the population – and a fifth of those would choose a new life down under…

Britain is experiencing the greatest exodus of its own nationals in recent history while immigration is at unprecedented levels, new figures show.

In 2007, 207,000 British citizens - one every three minutes - left the country and currency specialist Foreign Currency Direct has revealed that one in four working Brits are now looking to abandon their homes in the UK for sunnier climes and better job opportunities.

More British live abroad than any other nationality and the levels of emigration are now the same as those seen in the late-1950s when the £10 Poms left for Australia.

An increase in tax levelled at high wage earners coupled with rising UK unemployment is thought to be partly behind the mass exodus.

The research found that men are almost twice as likely as women to opt for a job overseas and moving abroad was most popular with Brits aged between 18 and 30 and also those in the 51 to 60 age bracket, perhaps seeking a better lifestyle for their retirement.

With the number of unemployed in Birmingham higher than in any other major UK city, people living in the Midlands are subsequently the most likely to look for a job overseas – 17 per cent of them compared to just 13 per cent in Wales and the South West.

The majority of people planned to head for a country with a warmer climate, more days of sunshine and those that were English speaking. A fifth of people named Australia as their top choice; one in six selected the USA and one in ten chose New Zealand. Canada was also a popular choice.

Peter S. Ellis, Chief Executive of Foreign Currency Direct, said, “As people struggle to find jobs, it is no wonder that Brits are considering bailing out the UK.

“In the last year, Foreign Currency Direct has seen an 37 per cent increase in the number of clients transferring funds to Australia and the USA as Britons look overseas for a better quality of life.”

Love note – not only could you enjoy a better lifestyle in Australia, but your relationship could be happier too - divorce rates are just 40 per cent in Australia compared to 70 per cent in the UK.

For more information on UK properties and the property market in general, please visit http://www.themovechannel.co.uk/

-ENDS-

Notes to editors:

TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

For further information, please contact:

Dan Johnson
Managing Director
www.themovechannel.co.uk
0207 952 7650

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TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

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Contact Email:
***@themovechannel.com
Source:TheMoveChannel.com
Phone:020 7952 7650
Zip:SE1 2LX
City/Town:London - England - United Kingdom
Industry:Real Estate, Business, Property
Tags:uk property, properties in uk, uk real estate investment, uk properties, uk real estate, investment property uk
Shortcut:prlog.org/10239264
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