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August 2017

Over 1.6 million Brits emigrated in past decade

Published: Tuesday 01 August 2017

By David Fuller 

Since 2006, 1.65 million people have left Britain for a new life abroad, according to new research from Lloyds Private Banking.

Between 2006 and 2011, the number of Brits leaving the UK averaged 162,667 per year. However, the number of emigrating Brits moving abroad has slowed down in recent years.  Since 2012, the average number of people leaving the UK each year has fallen to 134,400 per year.

The most recent estimates suggest there are 4.92 million British citizens living abroad – equivalent to 7.5 per cent of the current national population.

Australia, Spain, USA, France and New Zealand are the top five most popular destinations attracting a combined 900,000 British residents since 2005.

Australia has consistently been the most popular destination for the British, with 385,000 heading Down Under for a new life.  In the same period Spain attracted 144,000, the USA 132,000, France 129,000 and New Zealand 94,000.
 
 
Over half of British citizens who emigrated from the UK in the past decade have done so mainly for work related reasons. Three-quarters (74 per cent) of these had a definite job offer whilst a quarter (26 per cent) were still looking for a job.

The research also found that around two-thirds (65 per cent) of British citizens who have emigrated since 2006 have indicated they intend to live abroad for more than four years. One in five intend to be away for up to two years and 8 per cent for between two and four years. The remaining 7 per cent were unsure about their intended length of stay.

Perhaps unsurprisingly, the survey found that the idea of moving abroad is highest around this time of year.  Internet searches and posts about moving abroad peak between June and July.

With this in mind, if you’re thinking of moving abroad in the near future, you could do worse than making a visit to www.emigrate2.co.uk as your first step.
 

About Halo Financial


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. 

For more information, infographics and the latest currency insights, visit www.halofinancial.com/news