Britons flee to seek ‘cheaper’ life abroad – reports – Reuters

Interest in emigration rises 1,000% as UK taxes and prices rise, lawyers and financial advisers tell media

A dramatic rise in the cost of living has prompted many Britons to consider leaving the UK, according to professionals who deal with aspiring expats. Google searches for moving abroad rose 1,000% in April, with the US, Canada and Australia being the top three desired destinations.

The Telegraph first reported the alarming trend on Friday, attributing the desire to emigrate to “the cost of living is tightening, as soaring energy prices and rising inflation wreak havoc on household budgets.”

The outlet blamed a combination of rising taxes and inflation, which officially hit 7% in March, and the Bank of England warned it could hit 10% this year. There has also been a spike in the cost of energy and household goods.

“People are paying way more for everything and that’s a culmination of bad news. It makes people think they need a fresh start and they know they will have a much cheaper life abroad,” said Jason Porter of Blevins Franks, a company that provides financial advice to British expats across Europe.

Research by London immigration lawyers at Reiss Edwards showed a thousand times the number of searches for how to move abroad. Inquiries about Australian visas alone have increased by 670%, the company said.

β€œThe British public have faced a gradual rise in the cost of living since the pandemic, which has grown enormously over the past two months,” Reiss Edwards’ Amar Ali told the Daily Mail, when the outlet inquired about the report.

The United States is at the top of the list of countries where Britons would like to emigrate, followed by Canada, Australia and New Zealand. Non-English speaking Spain and France are also on the top six list, due to their lower cost of living.

A Livingcost analysis quoted by the Daily Mail indicates that the after-tax salary in the US can cover two months of living expenses, compared to 1.6 in the UK. While eurozone inflation was 7.5% in April, it still costs 6% less to live in France, while Spain is more than 18% cheaper, according to Numbeo.

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