More than half a million wealthy Britons are expected to move abroad in the next two years amid concerns about crumbling road and rail networks, crime and high taxes, a survey reveals today.
Some 19 per cent of people with savings and investments worth more than £250,000 are considering a new life overseas, which is up from 17 per cent six months ago and 14 per cent a year ago.
The figures suggest that at least 500,000 people with that level of personal wealth may leave the UK in the next two years.
Nicholas Boys-Smith, director at Lloyds TSB International Wealth, which carried out the survey, said: ‘While the figures strongly suggest we won’t see a mass exodus, it is clear that a significant and growing minority see opportunity and a better quality of life overseas.’
Crime and anti-social behaviour is the most popular reason for people to contemplate leaving the UK, chosen by 56 per cent.