The Financial Times (FT) has published an interesting article on how young Londoners are fleeing the city for other regions of the UK, forced-out by exorbitant housing costs:
Knight Frank, the estate agent, has analysed the latest migration data from the Office for National Statistics, which tracks internal moves within the UK, and has shown that migration from London to other parts of the UK is at its highest level since 2011, when the data were first collected.In the year to June 2017 the number of people leaving London for a new life elsewhere in the UK reached 106,607 — more than 14 per cent higher than in 2016 and 55 per cent higher than five years earlier. London’s population currently stands at 8.8m, up from 8.1m in 2001…
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
