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The report highlights that living in Britain has become costly, with high rents leaving many young couples burdened by loans even before they get married
Young professionals are now eyeing more stable options in countries like the United States, Australia, and Canada. (Representative Image/Shutterstock)
Amid rising economic concerns, a significant number of people from the UK are thinking of leaving their homeland. Despite the country’s developed status, abundant facilities, and high income, many are reportedly opting to move abroad.
A recent survey by the British Council reveals that about 75% of the youth aged 18 to 30 are now aspiring to settle abroad. Two-thirds of these young individuals believe their standard of living is lower than that of their parents. This indicates that the issue is not merely financial but also pertains to the overall quality of life.
The report highlights that living in Britain has become an expensive dream. High rents have reportedly left young couples drowning in loans even before marriage. Additionally, the cost of renting a 2BHK flat in a city like London could cover a year’s expenses in Delhi-NCR. From childcare to medications for the elderly, every aspect of life is straining finances.
Although Britain’s social welfare schemes are widely praised, the report suggests that they come at the expense of high taxes. These taxes have now become so burdensome that many citizens are adopting a ‘save tax, leave the country’ approach. As a result, many are reportedly turning towards oil-rich, tax-free Middle Eastern countries.
The report further points out that the once-revered National Health Service (NHS) is now struggling with long waiting times, staff shortages, and declining quality. This has led many to consider relocating for better healthcare options.
The housing crisis in Britain mirrors that of major Indian metros, with home ownership remaining a distant dream for many young people. Despite their best efforts, securing a desirable flat is nearly impossible, impacting jobs, businesses and mental health.
Young professionals are now eyeing more stable options in countries like the United States, Australia, and Canada. The report also points out that the high inheritance tax in Britain has prompted some elderly individuals to consider spending their final years abroad to ensure their children can save some money.
Additionally, political polarisation, racist incidents and growing hostility towards immigrants have started affecting local British citizens.
- Location :
United Kingdom (UK)
- First Published:
