Britain faces "brain drain" as jobs dry up

LONDON (REUTERS) - Tired of constant rejection emails, an increasing number of graduates are packing their bags and leaving Britain for job opportunities abroad, raising concerns of a "brain drain."

With more than one in three recent university leavers unemployed, many have gone in search for better prospects and pay in the faster-growing economies of Asia and Australasia.

Mr Jamie Devonshire, 26, graduated from Manchester University in 2008 and moved to Hong Kong two years ago to work for a small investment fund.

"Been here two years now and love it. Weather, lifestyle and job all going well," he said via e-mail from Hong Kong.