An "exodus" of young first and second generation immigrant Britons poses a threat to the UK economy, according to research.

One in seven young Black and Asian Britons are planning to leave the UK, citing the cost-of-living crisis, politics and racism as incentives. 

This is according to research by Word On The Curb, including 1,600 individuals from ethnic minority groups, which finds the level of discontent highest among the 18-24 age group, with 45% planning to leave. Among key reasons given for wanting to leave, 39% of respondents cited the cost of living crisis, 28% dissatisfaction with UK politics and 19% cited racial inequality. 

In 2022, the Black Pound report found Black, Asian and multi-ethnic consumer segments in the UK hold £4.5 billion in annual disposable income, with £375 million available to spend monthly, leading to fears that the economy stands to lose a significant portion of this spending power. 

In a press release, Word on the Curb CEO, Ndubuisi Uchea, warns that the UK faces an "exodus" of young Black and Asian Britons. “Participants shared their fears, from the country’s economic crisis and inhibited socio-economic mobility to concerns about raising children in big cities and the demoralising housing crisis.

“These experiences often marginalise and other-ise young minority Brits, adversely affecting their mental and emotional well-being.”

Remi Sade, research consultant at Word On The Curb, said: “They want to get out, not because they ideally would, but because they feel driven to by the circumstances this country has created.”