UK net migration has hit a three-year low following the EU referendum on 23 June 2016. Figures from the Office for National Statistics reveal that the difference between the number of people coming to the UK to settle and the number of people leaving to live elsewhere, fell to 230,000 in the year ending June 2017.
Over three-quarters of the decrease in net migration is accounted for by 123,000 EU citizens leaving the UK. It would be easy to attribute this to the Brexit vote. However, our experience is that people’s motivation to move to or from the UK is also driven by other factors, including the fall in value of sterling and the improvement in job opportunities elsewhere in Europe.
Whilst the government will be pleased by the fall in net migration, it is still in the hundreds of thousands, rather than the tens of thousands that they have promised.