From Liberal Conspiracy:
The majority of people working in Britain’s financial services industry are happy to stay in the UK, said a survey by the eFinancialCareers.com website, despite fears a clampdown on pay may force top performers overseas.
The online poll of 415 workers in London’s City finance district said only 14 percent were actively seeking a job overseas, with the rest happy to remain in the UK.
Is 14% actively looking to emigrate high or low?
Umm:
The number of people leaving the UK for 12 months or more fell to 368,000 in 2009 compared with 427,000 in 2008. The drop in total emigration was due to a decrease in the numbers of British and EU citizens leaving the UK. An estimated 140,000 British citizens emigrated in 2009, the lowest number since 1999 and down from 173,000 in 2008.
If population is 65 million then 0.5% emigrate each year and about 0.2 % of Brits do.
If bankers are between 28 and 70 times more likely to emigrate than the general population then I think we would rather conclude that bankers are extremely pissed off with the system here, not “happy”, no?
3 responses so far ↓
1 pete // Dec 31, 2010 at 4:12 pm
Ah yes but the left wants them all to leave so not good figures, not good figures at all.
2 BenSix // Dec 31, 2010 at 6:40 pm
Much as I’m sure we disagree on the work, character and suitable treatment of bankers this use of statistics gets my goat. If you gave this kind of writer ten parts water to one part arsenic would they marvel at the low percentage, declare it safe and down the thing in one?
3 Admiral @RichardJMurphy: “I See No Laffer Curve” « Vir Cantium // Aug 26, 2011 at 8:00 am
[...] know that it can be cut to 45% with little lost revenue. If that’s a carrot, the stick is the evidence that the high tax rates, both personal and corporate, are leading to emigration abroad, particularly [...]
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