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There are moans aplenty about “foreigners coming over here and taking our jobs”, but the lack of prospects in the UK is starting to push young people to consider moving abroad and taking someone else’s jobs!

In a survey of 1,982 people conducted by Student Currency Exchange, more than half of 18 to 25-year-olds said they were seriously considering emigrating to Australia, Canada or even China. And nearly two-thirds of those surveyed said that they had given it some thought.

Job prospects in the UK are at their worst for 17 years. Youth unemployment at its highest-ever levels, with around a million 16-24 year olds looking for work. The trend is upward and with no real prospects of an improvement in the foreseeable future, and ready availability of information on prospects elsewhere, young people with good qualifications can, more easily than at any time in the past, get work abroad.

It makes sense to go where there are jobs, and both Canada and Australia seem to have been little touched by the banking madness of the last few years which has so bankrupted our economies. China and India, of course, are booming and their industries are looking for clever and well educated people.

A lack of language skills has always held Brits back from taking opportunities anywhere but the English speaking countries, but now that the real money will be made in countries with other languages, Brits seem prepared to make the effort to learn.

South America is an economic growth area and people with knowledge of Spanish or, more particularly, Portuguese, have excellent opportunities to earn good money and enjoy a much better quality of life than they could expect here.

We must be aware of the fact that we have an ageing population (within a few years we will have more over 65s than under 15s), and that if our intelligent young people are emigrating for want of work in the UK, then we will have little hope of affecting a real and long lasting recovery. We simply won’t have the people to man it (or person it, if you want to be politically correct!)

It's down to George Osborne next week to make the economic conditions such that our intelligent youth don't desert us for a better future.