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Topic: High taxes and ‘no future’ spark fears of mass exodus of young Britons (Read 148 times)

copper member
Activity: 43
Merit: 1
If you are talented, why bother working hard in a society which is no longer a meritocracy? You may as well leave or stay and do the bare minimum to pay the bills - this is a common mindset in many western countries.
legendary
Activity: 2156
Merit: 1575
Do not die for Putin
May I ask where would young Brits are thinking of going? I mean, the IMF is speaking of a simultaneous recession in China, EU and US. Most of the world is about to have two consecutive quarters of negative growth. If you think of it, the UK may actually be one of the less worse places to be, as even when the economy is not great, there is still a certain living standard.
sr. member
Activity: 1806
Merit: 418
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I think these are the problems in almost every country of the world. Economic situations are down everywhere, and we cannot see any appropriate steps taken by the governments to overcome these situations. Therefore, it's necessary to declare financial emergencies and take steps to overcome these problems.
legendary
Activity: 798
Merit: 995
This news is not surprising to me that UK is facing brain drain and her doctors are leaving for other better paid jurisdiction in medicine like going to Australia. I thought all was well in the countries that Nigerians quickly run to for greener pastures while the citizens there also leave there home land for other countries for greener pastures. Humans and their insatiable wants and needs.

The UK is heaven on earth in the eyes of Nigerian workers. Although most of these migrant workers are underpaid and exploited in the UK but the condition of service is far better than the best package or offer they can get in Nigeria. Another reason for this mass movement to the UK is the worth of the pounds. The naira has lost so much value that when these workers convert the pounds to the local currency, it becomes are whole lot of money.

It is also important to note that it is not because of only money that is motivating most Nigerians to move to the UK. The security challenges and lack of key infrastructure is also driving this mass immigration. People want to live a place where their lives and property is secured and where they can have access to standard health care and education. 

legendary
Activity: 3724
Merit: 1363
In the US, you do it to yourself regarding the IRS. How do you do it to yourself?

By giving them your private info on, say, a W-4 form. Rather, don't give them your dependents info. It's private stuff. Write n-a on all the lines. Then sign it with the word 'non-assumpsit' (no contract) before your name. Require your employer to not withhold, because he doesn't have any information from you for a withholding base. THE POINT IS, SIGN NOTHING WITH THE IRS.

If the IRS messes with you - like your bank account - notice the head of the IRS to get his/her people off your back or you will sue him/her. Then sue him/her for damages because YOU DON'T HAVE ANY PAPERWORK WITH THE IRS.

Taxation problems come about because you signed something with the IRS.

If they take you to court regarding what is written on the W-2 form from your employer, there is no signature on the thing. Will your employer get up in court and state that he/she knows your financial state enough that he knows what should go on your 1040 form as your gross income? Whatever your employer tells them, the IRS can't validate your gross income from it, and you aren't required to divulge your private info except if you have a contract or agreement with the IRS.

It's your fault for giving them any more info than 'non-assumpsit', which is telling them that the only contract/agreement you have with them is that you have no contract/agreement with them.

If you already signed with them, revoke your signature off all paperwork you have signed with them... on the grounds that they didn't tell you clearly that the paperwork was voluntary.

It's basically the same idea in the UK. The process is different. There's a lot of info here https://www.youtube.com/c/CraigLynch/videos, but the answers are all there.

Cool
legendary
Activity: 3444
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
The higher you earn the higher you pay is a decent living. I mean people who make about 52k means that you are making over 4k, and people who make over 100k means you are making nearly 10k per month, that is very rich in the UK, you could live comfortably with that.

And I always believed that people should be taxed high if they are over 1 million as well, and I mean make sure that they can't take their money out of the nation, it has to be something harsh for hiding money in Cayman islands or something, punish those people a lot, earn billions from British but then not spend a dime on tax back to British? Damn me if that's allowed, fix that and you will not tax people who earn under 50k at all, zero tax rate.
member
Activity: 287
Merit: 39
socialized medical care will always fail under its own weight ..   this is happening in Canada as well. 

legendary
Activity: 4172
Merit: 4341
workers travel to countries that offer more money per hour(to send home)

welfare users(retirees/disabled) travel to climates that stretch their life out and live longer. or to economies of low cost living to stretch their income to last longer

the exodux of the last 2 years is more so covid reasoning and then economic crises reason to not want to go back home

when it comes to a countries place in the pecking order of economics. i never use GDP. because thats as false a number of meaningless digits as market cap or company evaluations is.. anyone can pump GDP numbers easily

its better to look at "living wage" vs "min wage" as a good value indicator of a countries position.

take 5 products people can compare across the planet.
EG a loaf of bread, a tin of beans, milk, butter and some form of meat
work out how many items per hour a min wage person can get.

do the same for things like average car price and house price if paying off at 0% interest. how many salary years of min wage will pay off a car or house

then compare that to average interest rates of such. to see how that changes

and then how much tax is taken from that min wage which effects all the categories just mentioned.

and then compare that country to country to see where you will be better off with food car houses paid off the soonest and getting you more for your money..
if your in a country not in the best spending value league.. moving can be of benefit.

..
GDP has no correlation to normal peoples life. GDP is just a false number used more at government level trying to stay at the top of the list for a simple thing.. "super power status"
when china printed cash to build hospitals quick in january 2020 for covid. their QE made them grow in GDP. and so UK/US had to print money even quicker to retain their positions and not let china beat them

but here is the thing. although china has more population. and in fact can afford more bread per income, meaning china is better off.. its GDP has been pushed down by fake QE printing by UK/US, but that QE money did not help make bread/milk/car/rent/ prices stay valuable in us/UK
legendary
Activity: 3710
Merit: 1756
Non-custodial BTC Wallet
I am not ready to confirm, refute or reasonably explain the processes in the UK, I have not been there often and not for a long time, but I have seen what is happening in other countries, the EU. Perhaps there is only one reason. We live in a time of gigantic population migrations. There are no such barriers to migration that were around 30 years ago. Accustomed to the "invariance of the labor market" countries, suddenly faced with the fact that from many countries with a lower standard of living, migrants began to come to them. And not just migrants, but quite competitive workers. If earlier immigrants in 90% of cases were people running away from problems, and then living quietly on welfare, now people have begun to come who do not run away from problems, but are looking for better places. This led to a redistribution of the market, difficulties for the "natives". What is left for the natives to do? Compete? Difficult - emigrants are ready to work more and for less money with the same quality. Should the local population start working on the same conditions and in the same way as emigrants? For many reasons, it's not possible. So what to do? That's right - repeat the actions of emigrants - look for a more comfortable place where "natives" will be better received than, for example, emigrants from third world countries ...
legendary
Activity: 4172
Merit: 4341
decades ago the NHS would recruit students and pay their education costs to become nurses and doctors.
but the education system changed where by people have to train up. and then try to find a job.

most towns hospitals cant just recruit 1000 students fresh from university straight into the local town hospital. so the student can stay close to family/friends..  because there is not enough placements per town. so students then have to have extra costs to move to a new town with no family link

though the cost of learning is now on the recruit. the pay did not increase to counter the initial cost.

EG if it took the student 4 years. and they are going to work for 40 years then salaries should have increased by 10% at the switch.. .. but it didnt

education costs have increased by more then 2% a year but NHS salaries have not increased by 2%

meaning learning to become a nurse in the UK is not of benefit.(unless its a dedicated passion)
the gov gives £5k grant (your foodcost)
but it can be anything from £9k-£30k a YEAR for the training

however other countries that have cheap education
the most is $3.5k a year

other countries do learn, just as a cost/benefit hedge that they can earn more then they paid per year extra by learning. they dont only do it for passion but for economics..
meaning more people learn..  meaning it a bigger pool of potential candidates the NHS can pull from. so they do

this means less jobs for the locals. and.. boom avalanche of snowballs.

as for emigrating. the story in topic was someone theat left because she didnt like the lockdown rules of covid. .. 'hydrogen' recently seems to be pulling blog pieces from the tin foil hat blog sites of he antivax and eugenics sites.. so although it can spark a good discussion to sometimes count or reveal the real causes/effects.. take some topic posts by hydrogen as automatically having a agenda in the story to promote beyond and outside of fact
hero member
Activity: 2408
Merit: 614
Leading Crypto Sports Betting & Casino Platform
This news is not surprising to me that UK is facing brain drain and her doctors are leaving for other better paid jurisdiction in medicine like going to Australia. I thought all was well in the countries that Nigerians quickly run to for greener pastures while the citizens there also leave there home land for other countries for greener pastures. Humans and their insatiable wants and needs.

Few months back around October I heard in the news that UK government licenced about 91 trained Nigerian doctors to practice in the UK



Okay now the whole scenario is sinking. They are doing replacement for doctors who have left like "Rachel James" and others who have decided not to return because of the unfavorable UK working conditions in her health system.

https://www.google.com/search?q=uk+government+licence+doctors+in+nigeria&oq=uk+government+licence+doctors
legendary
Activity: 3724
Merit: 3063
Leave no FUD unchallenged
The current government in the UK appear to display utter contempt for the younger generations.  Some believe the plans being pushed through for voter ID at the May 2023 elections is deliberately designed to disenfranchise younger voters.  They're making it so that 'TFL Oyster Cards' for those over the age of 60 will be considered an acceptable form of ID to vote, but the equivalent card for those aged 18-59 would -not- be an acceptable form of ID.  Seems overtly blatant in their intent.


From the government's own website:  https://www.gov.uk/government/publications/voter-identification-at-polling-stations-and-the-new-voter-card/protecting-the-integrity-of-our-elections-voter-identification-at-polling-stations-and-the-new-voter-card#annex-a-list-of-identity-documents-that-will-be-accepted

Quote
Any of the following concessionary travel passes:

Funded by the UK Government:
- Older Person’s Bus Pass
- Disabled Person’s Bus Pass
- Oyster 60+ Card
- Freedom Pass

Funded by the Scottish Government:
- National Entitlement Card

Funded by the Welsh Government:
- 60 and over Welsh Concessionary Travel Card
- Disabled Person’s Welsh Concessionary Travel Card

Issued under the Northern Ireland Concessionary Fares Scheme:
- A Senior SmartPass
- A Registered Blind SmartPass or Blind Person’s SmartPass
- A War Disablement SmartPass or War Disabled SmartPass
- A 60+ SmartPass
- A Half Fare SmartPass

Definitely seems skewed in favour of older voters.
legendary
Activity: 2562
Merit: 1441
Quote
Feelings of being overworked and underpaid prompted Rachel James, 29, and her partner to leave their jobs as doctors in the NHS to move to Australia. Two years later, the couple have no plans of returning.

“The pay is between double and triple what we would get in the UK,” Rachel (not her real name) says. She lives in Cooktown, a coastal town a four-hour drive north of Cairns. They enjoy free accommodation because the Australian health service offers incentives to people to work in rural areas.

The biggest difference is in the quality of life. Unlike in the British health service, the couple’s work rotas (rosters) are linked so they can have days off together.

“In the UK, when I was working as a doctor I struggled a lot in my foundation years with anxiety. I did mindfulness. I did exercise. I saw my GP. Nothing has ever done more for my mental health than having money left over in my bank account at the end of the month and being able to spend time with my partner,” she says.

Rachel and her partner are among thousands of UK medical graduates who leave to go abroad every year. While this type of brain drain has typically been limited to specific occupations, life in the UK is about to get tougher for young people across the board.

Real incomes are falling, taxes are rising and buying a home or starting a family is getting increasingly unaffordable. Scores of highly skilled workers – many of whom are already working remotely – may soon wonder whether they too would be better off somewhere else.

The political and economic turmoil of the past months has filled newspaper columns with comparisons of the UK and Italy.

The Economist magazine controversially ran a front page saying “Welcome to Britaly” with short-lived prime minister Liz Truss pictured as a British-Italian mash-up of the Statue of Liberty. The magazine said that both countries shared “terminable political drama, economic stagnation and nervous bond markets”.

But one feature of countries such as Italy, Spain and Greece, whose economies were badly wounded after the financial crisis, is just how many of their young can be found in Britain and elsewhere. The number of Italians and Spaniards in the UK more than trebled (tripled?) in the decade or so after the financial crisis, while Greeks more than doubled.

The UK is expected to suffer the highest inflation and the deepest recession among the G7 countries, according to the OECD. Real incomes are predicted to fall by a record 7pc (percent) over the next two years, according to the Office for Budget Responsibility. Pensioners will however not feel the same hit, as the Government has decided to honour the triple lock and uprate state pensions in line with double-digit inflation.

In many ways, life in Britain will likely get more difficult. Working people will have to pay higher taxes to fund services for a growing elderly population, as the labour force is shrinking. But young people were already dealt a bad hand, with low growth and high house prices putting milestones such as owning a home and starting a family out of reach.

But will it get bad enough to send Britain’s best and brightest abroad in search of a better life?

A mass exodus

The answer is not straightforward – and there’s little consensus among experts. In certain industries, the UK is already experiencing a brain drain. Some analysts say that global labour shortages and the rise of remote working mean that this phenomenon could spread more widely among highly skilled workers.

The trend has so far been most pronounced in healthcare, which is known to have a highly mobile workforce. Falling real pay and worse working conditions than in other wealthy countries mean it has been an issue for several years, according to experts.

Figures from the General Medical Council show that nearly 10,000 doctors left the UK medical workforce last year. Previous analysis indicates that around half plan to move overseas, the GMC said.

“Brain drain is a nice term but it's more than that. It's an exodus, a mass exodus of not just doctors but healthcare professionals,” says Dr Latifa Patel, representative body chair of the British Medical Association and a junior doctor herself.

“If you put it in the context of what we're lacking in the NHS at the moment, it's even more worrying. NHS England alone has 132,000 unfilled vacancies. Between 10 and 15,000 of those are doctors,” she says.

According to Patel, doctors typically emigrate to other English-speaking countries such as Australia, New Zealand, the US and Canada. Their pay has fallen by 30pc in real terms since the financial crisis, she says.

It’s not just about money though, she says. The workload and quality of life are possibly even more important. This is echoed by Rachel James’ experience who left for Australia.

“If I had thought [the NHS] would change in any reasonable time frame, we wouldn’t have made the decision to be here,” she says.

There is a lot of research on immigrants to the UK but what do we know about the ones who leave? “Not a huge amount to be honest,” says Madeleine Sumption, director of the Migration Observatory.

“We don't know that much about who they are or what they're doing when they're overseas. We have some figures from the US and Australian visa data, for example, showing that a fair number go to other English-speaking countries,” she says.

The image of UK emigration mainly being made up of retirees swapping Manchester for Mallorca is incorrect, according to Sumption. It’s much more likely to be young people with few responsibilities and ties going elsewhere. While there are some visa schemes for unskilled labour, many leaving are likely to be highly skilled to qualify for immigration rights.

Overseas opportunities

UK emigres (expats?) show up in immigration data in other countries but research on them is sparse and little is known about their overall skill level. Figures from the Office for National Statistics show that some 90,000 Brits left the country in the year ending in June 2022. There is no information about how many of them leave for job opportunities.

Separate data going back to the start of the 90s shows that every year more Britons leave than come back. Figures from the last three months of 2019 – meaning the latest available data not potentially distorted by pandemic trends – shows that 138,000 UK nationals left while 78,000 arrived. This is common according to Sumption – most countries see a net outward flow of their own citizens.

The UK experienced a period of almost continuous net emigration between 1964 and 1983. But rising flows of arrivals from other countries mean the UK has since benefitted from brain gain rather than drain. The limited data means that it’s difficult to know how many highly skilled workers leave.

Neil Carberry, chief executive of the Recruitment & Employment Confederation, says in his experience the flight of young people abroad has not yet become a big trend but warns that working from home has made many more conscious of overseas opportunities.

“The nature of the labour market has become much more global post-pandemic,” he says, “because when everybody was locked down it didn't matter if you were in Manchester or Malaga – it was still possible to do many jobs from anywhere.

“So I do think it's really important to remember… that the world is not going to wait for Britain to sort itself out. The UK has great strengths but we need to be aware that skills shortages are a global issue and other countries are looking at our talent as well.”

This has been the case for freelance designer Elise, who decided to pack up her life in London this summer to move to Lisbon. At the age of 32, felt she was done with living in shared flats but couldn’t afford other options. Despite having a successful career, homeownership was still firmly out of reach.

“I have come to terms with the fact that I don't feel like I've ever really be able to buy my own house. I'm also at a point where I don't really want to do like shared living anymore and rent is going up. So I felt like I might as well move somewhere else,” Elise, who prefers not to use her full name, says.  

After testing it out for a few months, she is now back in the UK while waiting for a two-year visa so she can move permanently. She was already working remotely in the UK.

“There's no time difference so I didn’t have to tell my clients or change anything about the way I worked. I can just transport it over there quite smoothly. Obviously with the visa comes a whole other kind of tax that I need to look into as I'll be living there. But from what I've heard, it's fairly straightforward,” she says.

During her first months in Lisbon, she was staying in co-living spaces where digital nomads like her have access to a workspace and can socialise together.

“It’s really great because you just meet lots of people who are doing the exact same thing. Everyone was pretty much around the same age group. It was a good way to meet people and feel a little bit of a sense of community with it,” she says.

Sluggish growth

Experts disagree on how likely the UK is to suffer a brain drain of highly skilled workers. Many say people tempted to leave face too many obstacles for a large-scale exodus to happen.

“If you want to go let's say to another English-speaking country, the US or Canada or Australia, you have to get a visa. You can't just say oh, I'd like to move. You'd have to get a job offer, for example. Those are quite considerable barriers,” says Alan Manning, an economist specialising in migration.

While the UK is expected to experience a deeper recession than its peers, vacancies are still near record levels. Research on emigration is sparse, but a report by the Home Office from 2012 found that there is an “inverse association” between British emigration and unemployment.

“In general, as UK unemployment falls, more British people emigrate and when unemployment in the UK is high, fewer British people emigrate,” it says. The report’s authors suggested that while it might sound counterintuitive it was because employed people have more resources to move abroad.

This is particularly pertinent for this downturn, which is characterised by a highly unusual combination of labour shortages and recession. Many other wealthy countries are also experiencing worker shortages. This means that people in the UK are in a better position to leave than during previous recessions. This will particularly benefit people with good skills. Brexit has made it more difficult to emigrate without a job offer or a particular skill set.

“I think there are two conflicting things. One is the economic fundamentals of the UK as a place to be a highly skilled worker are very strong. So particularly in London, but also Manchester and Birmingham,” says Adam Hawksbee, director of centre-right think tank Onward. On the other hand, he says, the failure to build more houses and lab space around cities means many workers and entrepreneurs are priced out.

“We need to see more from the Government on what their offer is to young people and young families. Because unless they're very clear that they want them to stay in the UK to engage in the workforce, they'll be looking elsewhere for other countries which are much more positive about the contribution they can provide.”

The UK’s weak productivity and sluggish growth mean young people have enjoyed much less prosperity than their parents did at the same age. From the mid-1950s until before the financial crisis, real incomes grew by 2pc a year on average. The recession is expected to cause a 7pc fall over the next two years, effectively wiping out 10 years of growth and bringing incomes back to 2013 levels. If the forecasts are correct, incomes will only have grown by 0.5pc annually in the two decades to 2028.  

“Pay progression among cohorts has stalled for those born after 1980. So each five-year birth cohort before 1980 earned more than the cohort that came before them. There's not been very much pay progression at all for those born after 1980, which are the millennials,” says Molly Broome, an economist at the Resolution Foundation.

The stagnation in incomes and growth has not been reflected in house prices. As successive governments have failed to ensure enough homes were built and central banks have inflated asset prices through quantitative easing, prices have soared.

Close to half of 25- to 34-year-olds owned their own home in the late 1970s to early 1990s. Today this figure has dropped below 30pc. This does not reflect a change in preference: around 80pc of young renters say they want to own a home, a figure which has remained stable over many years. First-time buyers today face property prices 5.9 times their annual salary, Nationwide data shows. This is up from 2.7 in 1983. In London, the ratio is even higher at 9.6, rising from 3.7.

Punishing tax burden

Liz Truss’ fateful mini-Budget also pulled the housing ladder further out of reach for many young people, after mortgage rates soared. As a result, thousands of people have been locked into renting for longer, while demand was already well above last year's levels in every region and country of Great Britain. Rents for new tenancies are at record highs, increasing 16pc in London in the year to October and 3.2pc in the rest of the country, Rightmove data shows.

“The base of voters [for the Conservative Party] is elderly homeowners who have very few incentives to be compassionate to the young wanting new homes built near them. This is extra central for the Tories. If they don't create homeowners there isn't really much of a party left,” says Robert Colvile, the director of right-leaning think tank CPS.

While he believes that the UK still has a lot to offer highly skilled workers, Colvile worries that over time highly skilled young people will be tempted to look elsewhere if things don’t improve.

“Longer term there is obviously a danger that the harder it gets to afford a home, the higher your marginal tax rates get, the more expensive childcare becomes and the more people will vote with their feet. I mean, people respond to incentives,” he says.

Parents in the UK also face the third highest childcare costs relative to their income among rich countries. There’s little hope of respite, as services are expected to face a near double-digit real terms cut over the next few years.

“Every marginal pound that the government spends seems to go towards supporting old people. The base of tax-paying younger workers who are having to pay for this whole thing is getting squeezed and squeezed,” Colvile says.

The measures announced by Chancellor Jeremy Hunt in the Autumn Statement mean the UK will have the highest tax burden since the Second World War.

Bloomberg analysis has found that the marginal tax rate – meaning how much you get taxed for every extra pound you earn – is 42pc for people earning over £50,270 and 62pc for those earning over £100,000.

Having to pay more to the public coffers makes life in the UK less attractive according to David Smith, 33, who works in financial services. He moved to Hong Kong in 2018 with his company. He planned to stay for two years – it has now been four and a half, although he will soon have to come home because of family ties.

Including bonuses, David earns £90,000 a year. In Britain, he would pay 40pc tax. In Hong Kong, the top rate is 17pc.

“To me, it feels like if you work hard in the UK and earn a good salary you are punished with extortionate taxes which makes earning over £50,000 a year pointless. I'd rather work fewer days a week and keep under £50,000 salary in the UK,” David says.

In Hong Kong, he has been able to save £40,000 every year. He is also able to take his pension as a lump sum there. From his stint abroad, David will be coming back to Britain with a £340,000 savings pot to spend on his first home.

“The higher taxes you pay in the UK are extortionate. I grew up around Blackpool stacking shelves on minimum wage and then I have moved up the salary brackets. In Hong Kong, I can literally put away £40,000 a year because of the low taxes.”

Growing unease

All of these things – rising taxes, falling living standards and the unaffordability of buying a home or starting a family – are ammunition for the Labour Party, which is closer than at any point in the past 12 years to getting back in power.

Keir Starmer has said he will fight the next election on “economic competence” and wants to bring down taxes for working people.

Shadow Chancellor Rachel Reeves also took every opportunity to tear into Jeremy Hunt’s tax grab when delivering her speech after the Autumn Statement.

“The prospect of home ownership becoming more and more remote. And rents going through the roof,” she said.

“This Government has presided over the biggest wage squeeze in centuries. This was a crisis made in Downing Street, and it is working people paying the price,” she said.

There is growing unease on the Conservative backbenches too that the party is alienating young people, with several MPs speaking out against the triple lock and rigid planning laws.

But it will take considerable improvement to convince those highly skilled workers, who have already had a taste of life elsewhere, to return.

Rachel, the doctor who left for Australia, says the British system has “got it completely wrong”.

“I know older people are struggling as well. I totally understand the need to improve living standards for older people. But in some areas, and certainly in terms of the NHS, those policies do come at the cost of people who are early on in their careers,” she says.

“Here, there are opportunities because there is so much more room for growth. You see it everywhere, you see building and construction all of the time, new roads are getting tarmacked. In the UK there is no room for growth. It felt like there was nothing for us in the UK in terms of a future.”

Unless things change fast, others may be quick to follow.

https://www.msn.com/en-gb/money/other/high-taxes-and-e2-80-98no-future-e2-80-99-spark-fears-of-mass-exodus-of-young-britons/ar-AA14B8h8


....


The following sounds concerning.

Quote
Figures from the General Medical Council show that nearly 10,000 doctors left the UK medical workforce last year. Previous analysis indicates that around half plan to move overseas, the GMC said.

“Brain drain is a nice term but it's more than that. It's an exodus, a mass exodus of not just doctors but healthcare professionals,” says Dr Latifa Patel, representative body chair of the British Medical Association and a junior doctor herself.

“If you put it in the context of what we're lacking in the NHS at the moment, it's even more worrying. NHS England alone has 132,000 unfilled vacancies. Between 10 and 15,000 of those are doctors,” she says.

According to Patel, doctors typically emigrate to other English-speaking countries such as Australia, New Zealand, the US and Canada. Their pay has fallen by 30pc in real terms since the financial crisis, she says.

This as well.

Quote
UK emigres (expats?) show up in immigration data in other countries but research on them is sparse and little is known about their overall skill level. Figures from the Office for National Statistics show that some 90,000 Brits left the country in the year ending in June 2022. There is no information about how many of them leave for job opportunities.

Separate data going back to the start of the 90s shows that every year more Britons leave than come back. Figures from the last three months of 2019 – meaning the latest available data not potentially distorted by pandemic trends – shows that 138,000 UK nationals left while 78,000 arrived. This is common according to Sumption – most countries see a net outward flow of their own citizens.

And this.

Quote
The measures announced by Chancellor Jeremy Hunt in the Autumn Statement mean the UK will have the highest tax burden since the Second World War.

Bloomberg analysis has found that the marginal tax rate – meaning how much you get taxed for every extra pound you earn – is 42pc (percent) for people earning over £50,270 and 62pc (percent) for those earning over £100,000.

Having to pay more to the public coffers makes life in the UK less attractive according to David Smith, 33, who works in financial services. He moved to Hong Kong in 2018 with his company. He planned to stay for two years – it has now been four and a half, although he will soon have to come home because of family ties.

Including bonuses, David earns £90,000 a year. In Britain, he would pay 40pc tax. In Hong Kong, the top rate is 17pc.

There isn't anything suggesting that similar trends are not currently being felt in european EU nations and the united states.

It is known that record numbers of americans are currently emigrating abroad in a trend virtually identical to the UK. The united states also currently exhibits similar economic and spending policies.
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