Millennials are quitting London in their droves, as young people find it much too difficult to live in Britain’s pricey capital.
The study, by the Office for National Statistics for The Silvertown Partnership, found that 128,766 people aged 21-40 left London in 2014. This figure is seven percent higher than last year. The number of young people leaving the capital has jumped eight percent in the last five years.
Only yesterday it was revealed how shockingly expensive it is for people to afford a mortgage in London.The average home now costs £526,000 in the capital and an income of £120,248 is needed to be able to afford an 80 percent mortgage.
- HRreview’s Global Mobility week throws light on challenges facing industry - Monday, May 16, 2016
- Majority of employers do not have faith in their company benefits package - Friday, May 13, 2016
- Temporary employees are better-skilled and higher educated, new study reveals - Friday, May 13, 2016
- Firms attack whistleblowers’ mental health to undermine claims,says new research - Tuesday, May 10, 2016
- New EU poll points to growing business support for Brexit - Tuesday, May 10, 2016
- GradWeb rebrands to Amberjack - Tuesday, May 10, 2016
- Poll: Is a single person or a person with a family more likely to stick out a global assignment? - Monday, May 9, 2016
- HRreview launches Global Mobility Week - Monday, May 9, 2016
- Internship controversially sold at auction for $10,000 - Friday, May 6, 2016
- Advertised salaries reach standstill as optimism in job market stutters - Tuesday, May 3, 2016