Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      The next person to shop your store may not be a person at all

      AI shopping agents are rewriting the rules of online retail across North America

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Cohere's Aidan Gomez bets the house on 'sovereign AI' with Aleph Alpha merger valuing the group at $20bn

      Cohere CEO Aidan Gomez on stage discussing the Toronto AI lab's strategy

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Moonvalley's Naeem Talukdar is selling Hollywood the one thing rival AI video tools cannot: legal cover

      Moonvalley's Marey AI video model produces Hollywood-grade footage trained on licensed data

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Tuesday 18 November 2025 1:01 pm  |  Updated:  Tuesday 18 November 2025 3:46 pm

Brain drain latest: Brits quitting UK three times faster than thought

By: Mauricio Alencar

Politics and Economics Reporter

Add as a preferred source on Google
GettyImages 1431041604 showing business professionals discussing market trends in a conference room with charts in the bac...
Dubai had been a hot spot for luxury brands

Fears that the UK is in the grips of a ‘brain drain’ escalated on Tuesday after fresh data revealed that than three times as many British nationals left the UK last year than officials previously thought.

According to revisions made by the Office for National Statistics (ONS), 257,000 Britons left the UK in 2024, over 250 per cent more than the earlier estimate of 77,000.

The ONS changed its methods for calculating overall immigration from a collection method that relied on polling, to one that used Brits’ use of public authorities and organisations. The statistics body had previously relied on the International Passenger Survey, but its small sample size coupled with an increase in emigration meant the method had been “stretched beyond its original purpose”.

The figures will amplify concerns that the UK is suffering from a so-called ‘brain drain’, with the country’s stubbornly low growth and increasingly high taxes on wealth and high-earners leading many to look abroad.

Controversial crackdown on high earners

In an attempt to shore up the UK’s parlous public finances, the government has announced a controversial crackdown on its highest earning and wealthiest citizens, including a abolishing the non-dom regime, applying VAT to school fees and freezing income tax thresholds.

But the changes have sparked fears that former non-doms and wealthy Brits are moving to avoid the crackdown, on top of which the country is now struggling to retain some of its younger ambitious citizens.

A recent poll commissioned by the Adam Smith Institute found that more than a quarter of 18-30 year-olds were either heavily considering leaving the UK, or already making plans to emigrate. Respondents blamed the UK’s supply-starved housing market and flatlining junior wages as being the core reasons for choosing to move.

Australia, Spain and Dubai – which boasts zero income tax and more affordable properties – have become particularly popular destinations for departing Brits looking to work or retire abroad.

Andrew Griffith, shadow business secretary said: “Labour’s economic exodus is in full flight as people flee Rachel Reeves’ tax hikes and mismanagement. It’s potentially the biggest reverse migration in British history.

“This was entirely predictable: when you tax something, you get less of it, and now people are voting with their feet.”

Brain drain drives net migration to be revised down

Immigration of British nationals to the UK was also revised up to 306,000. 

Read more

More Brits ditch UK than thought as net migration halved 

Shabana Mahmood discussing net migration trends, highlighting recent decrease in figures at a press conference.

The new calculations also showed that there was a slightly higher peak of net migration in the year to March 2023, at 944,000 rather than the previous estimate of 906,000, constituting the so-called ‘Boris wave’ of new arrivals. Speaking in Westminster on Tuesday, Tory leader Kemi Badenoch conceded the Conservatives had “taken our eye off the ball.”

Net migration fell to 345,000 in the year to December 2024, the new figures also showed. 

Mary Gregory, director of population statistics at the ONS, said the new figures came due to revisions in the interpretation of its International Passenger Survey  (IPS) since the pandemic and a greater reliance on visa and tax data. 

“Before the pandemic, migration was relatively stable,” Gregory said. 

“The pause of the IPS at the start of the pandemic accelerated our move to new methods.

“However, this came during a period when patterns and behaviours have been shifting considerably, influenced by a new immigration system, policy changes and a series of world events.

“During this period, our international migration estimates have been badged as official statistics in development as we’ve worked to better understand new data sources.”

Political row over immigration

The data revisions come as Nigel Farage’s Reform UK pledged key spending cuts through limiting migrants’ access to benefits and increase surcharge fees for using the NHS. 

The party called on Chancellor Rachel Reeves to find some £25bn in savings around health surcharge fees paid by people on work visas and reducing migrants’ access to Universal Credit and other benefits. 

But Farage also said he was worried about young entrepreneurs and rich investors leaving the UK for countries with lower taxes during a press conference on Tuesday.

“They really fear the direction the country is going in,” Farage said.

Read more

Retail sales plummet as Iran war hits consumer confidence

Busy retail store with diverse shoppers browsing aisles, highlighting vibrant displays and bustling atmosphere

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Economics
  • Politics

People & Organisations

  • brain drain
  • brits
  • Dubai
  • immigration
  • Keir Starmer
  • Labour Party
  • Office for National Statistics (ONS)
  • UK Government
  • young Brits

Trending Articles

  • KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants

  • Inflation expectations at record high in interest rates signal

  • London Tech Week sums up everything wrong with UK tech

  • KPMG report on AI found riddled with AI hallucinations

  • UK economy falters as deeper damage to growth to come

More from CityAM

  • ZayZoon, the Calgary fintech born on a fishing boat, posts 1,487% growth as earned wage access goes mainstream

    ZayZoon co-founder Tate Hackert built the Calgary fintech around earned wage access
  • Botpress raises $25m as Quebec's Sylvain Perron pitches his startup as the 'infrastructure layer' for AI agents

    Botpress product UI: the Quebec startup pitches itself as the infrastructure layer for enterprise AI agents
  • FluidAI wins US FDA clearance for its surgical monitor as Waterloo's Youssef Helwa targets 100,000 operations

    FluidAI's Origin surgical monitor wins FDA clearance for use in US hospitals
  • Rachel Reeves oversees borrowing spike as benefits spending offsets tax haul

    Economics
    Breaking news event with attendees discussing the latest developments and impacts in the general news sector
  • Wizz air urges Brits to ‘book with confidence’ despite rising fuel fears

    Transport & Infrastructure
    Wizz Air was named as the UK's worst airline for delays three years in a row.
  • Unemployment back up as UK job vacancies fall

    Economics
    Office for National Statistics
  • Hollywood Bowl strikes share boom to defy consumer spending fears

    Hospitality
    Hollywood Bowl amphitheater under sunny skies with a backdrop of rolling hills and a bustling audience in Los Angeles.
  • Labour ‘failing’ renters: Brits work for 133 days to pay landlords

    Property
    City skyline with apartment buildings and For Rent signs, highlighting urban housing market trends and rental opportunities.
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
Copyright 2026 CityAM Limited