Almost 200,000 young Brits under 35 moved abroad in the year leading up to June, citing rising rents, a tough job market, and stagnant wages as major factors. Key destinations include Japan, Dubai, Australia, South Korea, and Hong Kong.
Ray Amjad, a 25-year-old Cambridge graduate, relocated to Tokyo, attracted by its safety and job opportunities. He noted that the UK is losing talent as young people seek better conditions elsewhere. His friends have also moved to places like Australia and Hong Kong.
Isobel Pearl, who runs a skincare brand, plans to move to Dubai next year to expand her business. She emphasizes the appeal of a tax-free lifestyle and a vibrant entrepreneurial community, despite the challenges of rebranding her products due to trademark issues.
Sol Hyde, a 25-year-old entrepreneur, left the UK for Bali. He found his corporate job unfulfilling and embraces the opportunities and lifestyle available abroad. He criticizes the negative atmosphere in the UK that stifles ambition.
According to the Office for National Statistics (ONS), about 75% of those emigrating were under 35, with changing immigration estimates complicating year-on-year comparisons. Economic conditions in the UK, marked by high unemployment and rising tax burdens, are driving this exodus. The UK government aims to support entrepreneurship and job creation, but many young people remain focused on establishing their lives overseas for now.
