Nearly two thirds of Brits living abroad have vowed never to permanently move back to the UK, a new survey has revealed.
About 62% respondents said that they would never relocate back to Britain, according to the poll by financial advisory and fintech organisation deVere Group.
A further 11% said they would consider returning to the UK, while 27% said “maybe.”
Although the majority of respondents said they would never return to the UK, 70% said they still regularly send money back to the UK and 81% reported being able to save more in their overseas location.
The “pull’ factors of living abroad — factors that draw people to overseas living — far outweigh those of the UK, despite the global coronavirus pandemic and rising economic, political and social tensions in many countries around the world, according to Nigel Green, founder and CEO of deVere Group.
“Pull” factors for moving abroad include more lucrative career opportunities, lower cost of living, higher quality of life, high quality childcare and education, lower crime levels, and good weather.
The UK’s “push” factors include fears over a no-deal Brexit, political issues, the cost of living, high taxes, low interest rates, a weak pound, the scrapping of some age-related benefits, quality of lifestyle, crime concerns, and the weather. These factors that encouraged people to relocate seem to have intensified for many expats, according to Green.
The survey found that the primary reason for relocation was work and career, with 44% of respondents citing this as the main factor in deciding to leave the UK.
The survey looked at the experiences of 754 Brits living in Australia, New Zealand, the UAE, Oman, the Philippines, Thailand, Indonesia, China, Hong Kong, Italy, Switzerland, Spain, France, Portugal, Hungary, Germany, Mexico, Russia, and Zimbabwe.