Two million quit Britain in 'talent drain'
Two million people of working age have left Britain over the last decade in a drain of talent that is damaging the economy and forcing employers to rely on immigrant workers, a senior Conservative has warned.
Nick de Bois, secretary of the 1922 Committee of backbench MPs, said that Britain needs a culture change to stem the flow of talented emigrants by encouraging success.
Office for National Statistics figures obtained by Mr de Bois show that in the ten years to 2011, a total of 3,599,000 people permanently left the UK.
Contrary to the perception of the typical emigrants being older people retiring to a life in the sun, the figures show that 1,963,000 of those who left were aged between 25 and 44.
By contrast, only 125,000 people of retirement age emigrated.
Our most economically active are leaving to apply their talents elsewhere, the MP said, warning that talented Britons are being lured away to growth economies elsewhere in the world.
Many of those who are leaving are going to work for foreign-based pharmaceutical, aerospace, engineering and creative companies, Mr de Bois said.
He added: Questions have to be asked as to why, even in a truly global economy where labour markets are relatively open, we here in the UK cannot hold onto our own home-grown, home-educated talent.
Research for the Home Office last year found that almost half of all Britons who emigrate each year are professionals and company managers.
Some business leaders have blamed Britains tax regime for encouraging skilled professionals and executives to leave.
Mr de Bois said tax does play a part in emigration, but suggested that culture is a more important factor, warning that Britain should encourage people to succeed and get rich, not criticise them.
Posted by: lotp 2013-01-23