Emigration from the UK happening

according to recent research:

“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 leave the country for sunnier climes and better job opportunities..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..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…”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.”

It is interesting that the USA is a common choice that is seen as a place with better prospects than the UK.  This creates an economic drag for the UK and a benefit for the receiving countries, as both the productive capacity and consumption of the emigrants shifts to their new places of residence.

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