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August 2017

British and French citizens have different reasons for moving

Published: Friday 11 August 2017

By David Fuller 

A new study suggests that the reasons that the majority of Brits move to France are likely to be very different as to why the French move to the UK.

A detailed study carried out by the Office for National Statistics (ONS) suggests that almost half (45 per cent) of the 148,800 British citizens who were officially resident in France last year were aged 55 or over. What’s more, over 66,000 people receiving the UK State Pension were resident in France as of November 2016.

This data, the ONS suggests, shows that the majority of Brits who move permanently to France do so to retire in the country, and are therefore mostly moving for lifestyle reasons.

Conversely, of the 154,800 French citizens living in the UK between 2013 and 2015, almost four in five (79 per cent) were of working age, with 85 per cent of these in employment or studying.
 
 
Many French expats living in the UK worked in the banking and finance sector, and two in three worked in "higher level professions", which includes managers, directors and senior officials.
This report is part of a series of reports on migration between the UK and other EU member states published in the wake of the Brexit vote last year.

"This series of reports on migration between the UK and other EU countries shows how there is more to the data than the simple headline figures,” said Emma Rourke, ONS director for public policy analysis.

“This analysis shows that while overall numbers of UK and French citizens migrating between the two countries are similar, the reasons and experiences of the different groups within these migrant populations could be quite different.”
 

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Halo Financial is a leading UK foreign exchange brokerage, offering a comprehensive range of services to individuals and businesses since its inception in 2005. The business prides itself on offering a flexible and personalised approach for each of its clients, simplifying the seemingly complex foreign exchange market to maximise savings in currency transactions, protect against currency risk and make money go further.

Staffed by qualified technical analysts, the company is authorised by the Financial Conduct Authority and HM Revenue and Customs.

“Excellent”, “Reliable”, “Professional”, “Knowledgeable”, and “Helpful”– just some of the great feedback received as a Gold Trusted Service Provider for Feefo.com. The team at Halo are proud that customers rate their services so highly and are happy to recommend to others. The company is always striving to provide the best possible service and to innovate services and products in line with customers’ ever-evolving needs.

Halo Financial won Best Customer Focus category in the 2016 Best Business Awards; received OPP Gold for Best Supporting Service; the Gold Award for Financial Support and Innovation from Relocate Magazine, Commendations in the 2016 and 2017 Moneyfacts Awards and has 5 out 5 Star Customer Gold Merchant Status via independent review website, Feefo.com, winning their Gold Trusted Service award. 

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