Deseters Cost Us Big Time
Caxton FX, masters of the spreadsheet, have revealed that those leaving our windswept shores are hitting the UK economy hard. The company estimates that the typical émigré from Briton is costing the United Kingdom £100,000, with the majority of this sum generated from the sale of the emigrant’s primary home. The additional cost of potential earnings and retail spend make up the remainder of the figure. Those looking to start a new life abroad (come on, who isn’t!) are exchanging an average of £70,000 upon leaving the country to fund their move, with most emigrants choosing to take these funds to Australia, New Zealand, Spain, France or the U.S.
A recent study by the Organisation of Economic Co-operation and Development (OECD) estimates that there are currently three million Britons living overseas. This represents one of the highest levels of emigration since the 1960s and has been described as a “brain drain” as many of the emigrants are highly educated professionals. Presuming Caxton FX’s figures are correct, the emigration trend is costing the UK economy £14 billion. It’s obvious the UK is in trouble. The environment for wealth-creators has become unwelcoming. Stealth-taxes, increased bureaucracy, failing government policies, and crappy public transport are blamed as the main drivers for this exodus. Are real opportunities outside this country, or is it just a case of greener grass….
p.s. I made up the bit about public transport, but it should be in there…
