A report from Currencies.co.uk reveals Australia and New Zealand as the most popular destinations for would-be migrants.
23 June 2011
Report reveals Australia as top emigration choice for Brits
A new report from Currencies.co.uk has revealed that nearly one in three (31%) of UK employees would consider leaving the country to work abroad, with Australia and New Zealand listed as the most popular destinations for would-be migrants.
The report shows that the younger sections of the workforce are most likely to consider moving overseas: over half (55%) of 18-24 year olds and 42% of 25-34% year olds stated they were considering leaving the UK, with better career prospects being the chief 'pull' factor.
The appeal of emigrating to Australia was also underlined, with the survey listing Australia and New Zealand as the first choice destination of 70% of would-be emigrants, due to the countries providing the prospect of better economic conditions, an attractive work / life balance and a better climate.
Stephen Hughes, Currency Analyst at Currencies.co.uk commented on the findings: “This study demonstrates a severe lack of confidence in the employment situation in the UK, particularly amongst younger age groups. While not all of these people will end up moving overseas, unless conditions improve there is a significant risk that we’ll see a much higher level of emigration in the years to come.
“We’ve seen a dramatic increase in people transferring money for rental deposits having secured employment overseas since the start of the economic crisis and this is likely to continue. People looking to move abroad for work should consider using a specialist broker like Currencies.co.uk to transfer their funds. Not only do we provide a much more competitive exchange rate than the high street banks but we offer a far better level of service.”
The Australian Visa Bureau is an independent consulting company specialising in helping people lodge their Australian visa application with the Australian High Commission in London.