By 2020, an extra six million Britons will venture abroad to work or live, according to a new report by Alliance & Leicester International (ALIL), the offshore savings bank.
A growing number of Britons will contemplate emigration, some even believing they ‘deserve’ to live abroad, as Britain’s ‘me-generation’ matures and becomes more ambitious.
But reducing stress will be the key trigger leading Britons to contemplate emigration – it will be an even stronger motivation for people working long hours in pressurised, highly paid, occupations such as those working in the City. And it will be those destinations that place a greater value on leisure and lifestyle that will become more attractive such as Australia, Canada…and Scandinavia!
The ALIL report in conjunction with think tank, The Centre of Future Studies, shows that one third of Britons are considering moving abroad to work or live. The reasons given for considering moving overseas include:
A growing appetite for overseas holidays has increased exposure to new experiences, fuelled by television programmes such as ‘A Place in the Sun’ – preparing the ground for later retirement abroad. Additionally, the increased affluence of British people coupled with the strong pound and booming property prices have boosted the market for overseas buying.
Commenting on the research, Simon Hull, Managing Director of Alliance & Leicester International said: “Emigration clearly is seen as a fresh start allowing people to reinvent their lifestyles and with luck, themselves too!”
“It does seem to suggest a level of dissatisfaction with existing lifestyles such as, excessive stress in the workplace coupled with a negative impact on personal relationships and happiness.”
“Our research forecasts that Britons will constantly be on the lookout to change their lifestyle at the blink of an eye. In the past, people may have moved abroad because of high unemployment levels in the UK – now they may move because of a superficial desire to do ‘something new’ for the sake of doing something.”
However, the biggest worries people have about moving and living overseas are missing their family (59 per cent), the logistics of moving home (47 per cent), healthcare (45 per cent) and language (37 per cent).
Opportunities will increase for Britons moving abroad as governments welcome skilled labour – particularly in the technology, health, construction and manufacturing sectors. The international expansion of organisations, the varied role of new technology and a reduction of barriers to entry as travel becomes easier and cheaper will allow more people to fulfil their ambition for new experiences.
Simon Hull adds: “The number of people prepared to leave and excited by moving abroad – whether it be for work or leisure purposes – is rising significantly, and a number of new destinations are coming through.”
“Areas such as Spain, America, Australia and Canada will remain popular, but interestingly nations such as India, China, Russia, Indonesia, Asia and Brazil will become economically more attractive.”
ALIL’s research also shows substantial differences of opinion between professions, with senior managers citing France and Spain as joint favourites and City and finance workers, manual staff and middle managers naming Spain as their favourite. The US was the favoured destination among students, with service sector staff the most enthusiastic about migrating to Africa and the Middle East.