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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion,but the real cost is closer to $200 billion—and counting

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Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
LifestyleU.S. Presidential Election
Europe

American searches for ‘how to move to England’ increase 10-fold in wake of U.S. election

Ryan Hogg
By
Ryan Hogg
Ryan Hogg
Europe News Reporter
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Ryan Hogg
By
Ryan Hogg
Ryan Hogg
Europe News Reporter
Down Arrow Button Icon
November 8, 2024, 6:40 AM ET
A person rests on the grass near the banks of the River Thames, backdropped by Tower Bridge in London,
Americans are considering their options in the wake of the U.S. election.HENRY NICHOLLS/AFP via Getty Images
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Americans are still digesting the results of November 5’s U.S. presidential election, which gave Donald Trump a sweeping victory that topped an unlikely comeback story for the president-elect. However, many are already contemplating a life outside the states before the new regime takes office next January. 

For U.S. citizens who have grown tired of the increasingly toxic domestic political environment or fearful of a Trump presidency, fresh research suggests the U.K. is near the top of their list for a new home.

Online searches looking at moving to in the U.K. increased by 900% between November 4 and November 6 as Trump’s election victory became clear, analysis by job search site Jobseeker found. That was only topped by Canada, where move-based searches increased by 2,400%.

Americans can benefit from a tier 2 skilled worker visa to move to the U.K. if they have a job offer waiting for them. Approval depends on a worker’s occupation, but there are a host of eligible jobs listed on the U.K. government’s website. 

Workers also need to earn a minimum of £38,700 ($50,141) per year, well below the average U.S. salary of around $60,000 based on BLS statistics. 

Americans could be drawn by the U.K.’s free at the point of access healthcare system.

The U.K. political system, rocked by years of instability following the Brexit vote and the disastrous Lizz Truss mini-budget, now also looks like a haven compared with the U.S. in the wake of the election of the center-left Labour government in July. 

“The global job market has never been more accessible, with people now embracing a desire to travel when it comes to finding their ideal career,” said David Overmars, a careers and resume expert at Jobseeker. 

“In the coming years, we’re expecting to see more people considering relocation to other countries when making their next career move.”

Americans haven’t historically been among the most populous citizens moving to the U.K., with migrants mainly hailing from India, Poland, and Pakistan, according to the Migration Observatory. 

Among Americans who move to the U.S., less than a quarter do so for work, much lower than motivations for citizens from other countries.

Americans moving abroad

The U.K. is just one of the locations eyed by Americans considering their options, with Canada to the north regarded as the most accessible location.

Jobseeker’s Overmars predicts that Switzerland, New Zealand, and Norway will be the most popular destinations for Americans moving overseas in 2025.

Fortune spoke to older, wealthier American citizens in March who were looking at properties in the southern European getaway locations of Portugal, Spain, and Greece in anticipation of November’s election.

While liberal voters have led the charge in seeking alternative living arrangements, interest in a second passport has grown regardless of who was elected the 47th president. 

A survey of over 1,000 U.S. millionaires found over 50% said they intended to leave the U.S. after November’s election.

Alongside Canada, locations closer to home, including Mexico, Panama, and Costa Rica have also shown up on Americans’ radars.

David Lesperance, an international tax and immigration advisor working with the ultra-wealthy, previously told Fortune before the election that the outcome of the presidential election wasn’t really influencing his clients’ desire to move.

“Even if Kamala Harris wins the US presidency, her supporters know that almost half of their fellow citizens want a MAGA America,” says Lesperance. “The ripping away of the mask of polite society and the exposure of ugliness underneath will still inspire a significant number of Americans to seek solace abroad.”

About the Author
Ryan Hogg
By Ryan HoggEurope News Reporter

Ryan Hogg was a Europe business reporter at Fortune.

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