Highly skilled workers are the most likely to leave Britain after Brexit

Source: The Economist

interim-hub-highly-skilled-workers-first-to-leave-britain-brexit

“JUST left Frankfurt. Great meetings, great weather, really enjoyed it. Good, because I’ll be spending a lot more time there. #Brexit”. This tweet on October 19th from Lloyd Blankfein, the chief executive of Goldman Sachs, prompted a flurry of speculation about the investment bank’s plans. Industries that rely heavily on low-paid migrants have already voiced their worries about the departure of Europeans, warning of strawberries rotting in fields, unpicked. But concerns are growing about the flight of highly skilled workers in well-paid jobs at firms like Mr Blankfein’s.

According to a survey of European workers in Britain published in August by KPMG, one of the “Big Four” accounting firms, among those pulling in between £100,001 ($130,000) and £200,000 a year, 12% were planning to leave, compared with just 6% of those earning between £15,001 and £20,000. Those with postgraduate degrees were twice as likely to be drawing up exit plans as those with only a secondary-school education.

Read the full article on The Economist.

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