High-flying women executives are paid 10% less than men doing exactly the same job


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by EDMUND CONWAY what’s more, BECKY BARROW, Day by day Mail
Last refreshed at 07:59 25 October 2005
One in six English graduates has betrayed this nation to work abroad, agreeing to the to start with major think about of the ‘brain drain’ crisis.
It appears 1.4million graduates are working overseas.
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Britain has lost more talented workers, counting scientists, brokers what’s more, doctors, than any other nation in the world. In rate terms, the UK positions with African nations such as Cameroon what’s more, Zambia, who have too lost about 17 per penny of their graduates.
The figures in the World Bank report smash Labour’s assert to be encouraging gifts what’s more, skills. They are especially stressing since the rest of Europe is much better at hanging onto homegrown talent.
Just one in 20 graduates from most other European nations are working abroad.
Experts said this could clarify why Britain’s efficiency has drooped embarrassingly behind other major economies.
Better pay what’s more, lifestyle
Many graduates who have cleared out say better pay what’s more, a more edified way of life mean they will never return.
A typical clarification came from Nicola what’s more, Jamie Parker, presently running their claim business in Marbella.
Mrs Parker, 26, said: “Put it this way – grannies don’t get robbed here.
“If they drop their purses, the young men pick them up what’s more, hand them back.”
The most mainstream goal for graduates is the US, where 400,000 are working, nearly taken after by Canada.
The boss creator of the study, Frederic Docquier, said: “In total terms, England has the greatest cerebrum deplete in the world.
“This is absolutely terrible news for your economy. The impacts for efficiency what’s more, development are negative.
“The mind deplete is so high that this ought to be explored further.”
Mr Docquier said clarifications for the departure – the proportional of each single new graduate in a two what’s more, a half year period – included the significance of talking great English what’s more, “colonial ties” to nations such as Canada what’s more, Australia.
But later thinks about have found that tens of thousands of graduates – who typically clear out school with obligations of £13,000 – are constrained to acknowledge humdrum, lowpaid occupations on the off chance that they choose to remain in this country.
John Butler, UK financial analyst at the bank HSBC said: “These numbers are incredible. It is conceivable that the cerebrum deplete is contributing to a lower produ tivity rate in the UK.” A Treasury spokeman denied the mind deplete was a problem.
He said: “Migration of experts to what’s more, from the UK brings considerable monetary advantage what’s more, makes a difference meet targets for growth, profitability what’s more, conveyance of open services.
“For the UK economy to proceed rising to future challenges, it must remain outward looking what’s more, international, what’s more, draw in abroad venture of individuals what’s more, resources. Last year the UK was second as it were to the U.S. in drawing in remote coordinate investment.”
Economy support
The Government claims transients support the economy yet the number of remote graduates working in the UK is 140,000 less than the number of English graduates abroad.
Shadow Chancellor George Osborne said last night: “This report is stressing as it is fundamental the UK has a highly-skilled work compel to contend in the world.
“The UK ought to support, sustain what’s more, empower high-skilled workers, not debilitate them with high charges what’s more, prohibitive regulation.
“We can’t support our monetary fortunes on the off chance that a few of our brightest graduates are moving away, further undermining our competitiveness.”
It took Mr what’s more, Mrs Parker just a maybe a couple hours of an exploratory trip to Spain to choose on a lasting move from their home in Altrincham, Cheshire.
The two graduates were rocked the bowling alley over by the differentiate between the Spanish daylight what’s more, the “dreary what’s more, dim at 6pm” life in England.
Mrs Parker said: “By the second day, I said: ‘I cherish it. I need to move here now’.”
After making a difference her 32-year-old spouse begin his individual preparing business, she is presently arranging to set up her own, offering art.
Mrs Parker said hundreds of other English graduates are living what’s more, working on the Spanish coast.
The couple, who design to begin a family soon, accept it will be a far better put to bring up children.
Mrs Parker said: “I can run on the shoreline with my dog, go for tapas, appreciate a much more loose life – what’s more, not stress about property prices”.

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