More British people think they will be better off working abroad

by Ray Clancy on September 28, 2012

Growing numbers of people under 40 are considering leaving the UK

A growing number of British people under 40 who are well off are considering packing up and starting a new life abroad, it is claimed.

Some 36% more Brits under 40s sought advice from expat wealth management experts the de Vere Group in the third quarter of this year compared with the same period last year.

‘Between the beginning of July and the end of September, enquiries regarding the financial implications of relocating to other countries from people aged 40 or under were up a staggering amount,’ said the firm’s chief executive, Nigel Green.

‘The vast majority of these enquiries came from successful, financially comfortable, working people. In these tough economic times, Britain can ill afford to lose these people as they are key, on many levels, in driving the UK’s economy forward,’ he explained.

‘How many of these people will actually leave remains to be seen, but if a significant number of this demographic does decide to quit Britain, it’ll be a major step backwards for the UK’s already fragile economy,’ he added.

According to Green the findings challenge traditional emigration perceptions.

‘It is widely assumed that it is mainly retirees who pack up and head off for a life in sunnier climes. And whilst it is certainly true that a significant number of British pensioners emigrate, especially to places like Spain, France, Malta and the US, we’ve found that an increasing number of the working population are considering moving abroad,’ he pointed out.

This tide shift, according to deVere, is driven not only by ‘push factors’ such as bad weather, a weak economy, high taxes and crime as more and more people are being drawn by the career opportunities and lifestyles offered in other countries. Destinations such as Dubai, Abu Dhabi, Hong Kong, Russia, Malaysia, and South Africa are amongst the most enquired about.

‘The vast majority of people tell us that they believe they will be more financially and personally fulfilled in another country,’ added Green.

The deVere Group dealt with 1,803 enquiries in the UK on this matter in the third quarter of 2012.

{ 5 comments… read them below or add one }

Wendy Soley October 2, 2012 at 9:12 pm

Can a person retire t or emigrate to Canada if their in their fifties

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jean marc October 2, 2012 at 10:56 pm

If hard working people from Britain want to come to Canada and contribute, please do. Except for a difficult climate, it is a great country to live in.

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Jeannie October 4, 2012 at 7:44 am

I have lived in Tunisia for over 10 years. First job was as a highly qualified ESL teacher in the capital, this job was sabotaged by other teachers who had little qualifications or none at all. I then started to teach privately. Clients loved my individually written courses and methods but would not pay the price, wanting to pay the minimum cost that is paid for teaching primary age children. I completed a course in Acrylic Nails and Art in UK and returned. same problem they would not pay for the work. I am also a qualified graphic artist so started to do this with no success, for the same reasons. I retired officially 2 years ago.
Jobs in Tunisia are given, quite rightly to Tunisians first. The only work available is as a tourist guide. This is only if you know someone in the trade. They work on commission, do not have any job security and get a minimum wage. The minimum wage here is 250 DT about 130 UKP.
So I would not advise coming here to work. Expat web sites are clique and use the sites to make derogatory comments about other. The only people who succeeded are those in Tunisian marriages.

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Robert October 6, 2012 at 6:52 am

I'm not sure about Britain, but the environment in the American workplace caused by nonsensical political correctness and fanatical feminist inspired sexual harassment laws is horrible. Even an off colored joke between friends can destroy a career if the wrong person hears it, and the entire environment is miserable and sterile. No thanks, I'll stay in Asia.

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Black Cat October 17, 2012 at 3:31 pm

My husband and I are, highly qualified, highly skilled, hard-working British citizens. We are in our mid 40's. I've lived in England since I was a child. We are not English though which is why we are fed up with England. The Englsih will tell you that you can become British but you can NEVER become ENGLISH. This is something that apparently makes the English fanatically proud of being ENGLISH. We are moving to Quebec (hoooraaah !!) because we both love the French language and we love the family-friendliness of North Americans. The English, apart from being fanatically English, also quite fanatically, dislike children and childhood. We don't wish our son to grow up in this type of environment. This report does not appear to be well-balanced. Many of the under-40's or over-40's who are moving out of the UK are in fact highly-skilled non-English citizens or are 2nd or 3rd generation, non-English, who are fed up with Englishness ; ) People leave the UK not just because of the frosty weather, poor economy or in search of cheap Sangria and beer. It''s also to do with how frosty the English are compared to other nationalities.

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