According to a survey, 75% of young people would think about relocating overseas. The numbers coincide with poor growth projections and a faltering economy that is driving young people to seek a better future abroad. 

According to a British Council survey of over 3,000 youth, 72% of those between the ages of 18 and 30 would think about living and working overseas in the near or distant future. 

More than half of respondents stated that low salaries were the largest obstacle, and two thirds stated that their standard of living was lower than that of their parents' generation.

The top emigration destinations for young people were Italy, the United States, Canada, and Australia. It follows a recent Bank of England survey that found 54% of companies anticipated price increases and job losses following the National Insurance increase in Chancellor Rachel Reeves' October budget.

Meanwhile, the Confederation of British Industry downgraded its growth forecasts for this year and next, blaming the Budget for harming investment plans and consumer confidence.

Although two thirds of young people are optimistic about their future career and quality of life, there is less confidence in Britain as a whole. Only half of respondents said they are optimistic about the UK’s future.

The Next Generation UK 2024 survey was conducted to mark the 90th anniversary of the British Council, an international organisation for cultural relations and educational opportunities.

Scott McDonald, chief executive of the British Council said: “This report highlights a strong desire among young people in the UK for maintaining positive relations with European countries and a continued interest in living and working abroad.

“Life for young people in the UK has changed significantly in recent years, forcing them to reassess their aspirations and priorities.

“The British Council aims to support their international aspirations by offering educational opportunities through which we build connections, understanding and trust between people in the UK and countries worldwide.”