EU Movers Avoid The UK As Brexit Fog Thickens

Brexit frustrations have spread across the pond as disillusioned Europeans are opting to avoid moving to the UK whilst political and economic uncertainty rampages through the continent.

An analysis of over 100,000 international removals quotes from reallymoving has found a dramatic downward spiral of intent from members of the EU moving to the UK.

In July 2013, 80% of EU movers were heading to the UK’s shores. Following the referendum result in June 2016, this figure had reduced to two thirds of people moving from the EU.

However, as the fog of uncertainty has obscured the view of the future, only 22% of EU movers are choosing to reside in the UK.

In terms of the proportion of movers entering the UK, at the point of the referendum, EU movers made up 42% of the total number of people venturing to Blighty in order to start a new life. However, this number has dwindled to just 23% of the overall total in 2019.

Conversely, movers from the rest of the world choosing to live in the UK in June 2016, made up 49% of the overall total; this has increased to 75% in March 2019.

Rob Houghton, CEO of reallymoving, commented:

“The Withdrawal Agreement, as it stands, would bring the free movement of people to an end, making it more difficult and expensive for EU workers to come to the UK. This has clearly had a significant impact on the decisions people have made about where to settle over the last almost three years, dramatically reducing the flow of people from the continent into the UK.

“Uncertainty over our jobs market and the rights of EU workers in the UK, as well as British citizens in Europe, is encouraging EU residents to look for opportunities elsewhere, in countries where they can settle without the risk of upheaval in the near future.

“Meanwhile, movers from the rest of the world now account for three quarters of all moves to the UK.”

Whilst the UK once enjoyed a special relationship with Europe, feelings of uncertainty are overriding any loyalty and sentiment EU movers once had as they look to move elsewhere until a definitive outcome is announced.

Do you think things will improve once a Brexit outcome is announced? Is the long-term outlook a lot more positive for conveyancers?

Today's Conveyancer