As Regina Ip would say, we need to "take a long-term view" when observing world affairs. Well, here's a long-term view that might surprise a few people in Westminster: their grand plan to hoover up Hong Kong talent isn't going quite as expected.
BNO applications have absolutely crashed - the great British exodus is over.
The Numbers Don't Lie - BNO Applications Crash
Back in 2021, when the British government rolled out its BNO visa scheme (let's call it what it was - a political stunt), masses of Hong Kong people took the bait and applied to migrate to the UK. In just over a year, nearly 100,000 people left – genuinely heartbreaking to witness. But here we are, four years later, and the fever has finally broken.
According to figures just released by the UK Home Office, BNO visa applications approved in the first two quarters of this year have absolutely tanked - we're talking just 5,029 cases combined, with a measly 1,037 approvals in the second quarter alone. Compare that to the peak period of nearly 30,000 applications per quarter, and you've got yourself a proper collapse. It seems very few Hong Kong people are now bothering to apply for UK migration – and frankly, who can blame them?
The British government began accepting BNO visa applications in January 2021, and that first year was mental - over 90,000 applications with 75,000 approvals. If that trend had continued, we might have seen 300,000+ people leave over four years. Thankfully for Hong Kong, after 2022, those approval numbers started sliding downhill, dropping to about 19,000 cases last year.
Five brutal realities killed the UK dream, and now we might see Hong Kong people heading back home instead.
Five Reality Checks That Killed the Dream
From the second half of 2024, the decline went into overdrive. From July to June this year, only about 10,000 people got approved – a sharp drop from 22,000 in the same period the previous year. The quarterly breakdown tells the whole sorry story: about 5,000 cases in Q3 last year, 4,307 in Q4, down to 3,992 in Q1 this year, and that pathetic 1,037 in Q2.
So what's turned Hong Kong people off the great British adventure? There are five key reasons that have collectively poured cold water on this migration fever.
First up: the British government's attitude toward permanent residence has been about as clear as mud. The whole "5+1" scheme might extend to "10+1" (meaning 10 years of UK residence before you can even think about applying for permanent status), but nobody's saying anything concrete. It's all winks and nudges and bureaucratic waffle. Who wants to bet their entire life on that kind of uncertainty? Even if the timeline stays at five years, there's likely going to be some points-based system requiring specific qualifications. Many people are doing the math and realizing they probably won't make the cut.
Second, and this is where it gets really painful: early migrants have been sending back some pretty grim reports about life in Britain. We're talking serious salary and career downgrades across the board. Getting professional qualifications recognized is like pulling teeth, and only a lucky few manage to land jobs anywhere near as good as what they had in Hong Kong. Chuck in the UK's eye-watering tax rates - you're literally splitting your earnings with the government - and suddenly that British dream doesn't look so appealing.
When Reality Bites: The Hidden Costs
Third, here's something the BNO marketing materials probably didn't emphasize: Hong Kong people get basically zero benefits. Kids have to pay international student fees for schooling, and private secondary schools and universities have all hiked their fees this year. Supporting children's education has become genuinely crushing for families.
The cherry on top? This year, the British government decided to jack up the "Immigration Health Surcharge" for BNO Hong Kong people. Adults are now looking at nearly HK$10,000 per year, kids HK$8,000. For a typical family of two adults and one child, that's close to HK$150,000 over five years. That's not pocket change - that's serious money.
Fourth, let's talk about the elephant in the room: the UK economy is basically flatlining. Second quarter growth this year was a whopping 0.3%, and with Trump's tariff threats hanging over everything, prospects look pretty grim. Smart Hong Kong people aren't exactly rushing to jump on a sinking economic ship.
The Reverse Migration Reality Check
The fifth factor might seem minor, but it all adds up: BNO visa holders can't withdraw their MPF early. Plus, with Hong Kong property prices having taken a beating in recent years, selling up to fund a UK lifestyle leaves many people short of what they actually need to make it work over there.
All these factors have combined to create a perfect storm of disillusionment. The cooling effect has been faster and more dramatic than anyone expected, and it looks like BNO applications are going to keep sliding downhill. In fact, we might start seeing the opposite trend - a reverse migration wave as Hong Kong people who took the plunge start trickling back home.
As they say, let’s "take a long-term view" to see how it goes.
Lai Ting-yiu
What Say You?
What Say You?
** The blog article is the sole responsibility of the author and does not represent the position of our company. **
