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Economy suffers brain drain as Britain’s population takes flight

Wednesday, 14th November 2007

WE all know of the millions of Mexican emigrants who have left their country in the hope of a better life, usually to head to America.

WE all know of the millions of Mexican emigrants who have left their country in the hope of a better life, usually to head to America. Among OECD member states, Mexico counts the largest number of emigrants – some 9.4m of them across the globe. But what few realise is that the second-largest group of exiles – some 3.4m at last count – are the British.

Each day, 1,500 people come to settle here – a figure which is quite familiar, and has political attention. But each day, 1,000 pack their bags for good and skedaddle. A disarming proportion of them are young, well-educated wealth creators who feel – like the Mexicans – that it is time to leave for better opportunities. This silent exodus is laden with economic implication.

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