The UK faces an increase in young adults leaving the country owing to low salaries, the rising tax burden and a lack of affordable housing, wealth managers have warned.
Camilla Stowell, chief executive of wealth at Rathbones, said: “More UK individuals and families are thinking of leaving and we can see that with the next generation, we’re seeing a trickle of the?.?.?.?younger generation going to other geographies in order to find better opportunities.”
She added that the rising interest among people in their 20s had been sparked by the “less than optimistic tone” about the UK’s economic growth prospects, as well as the job opportunities and earnings power overseas, noting that the younger generation are also more “mobile”.
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