In a trend reminiscent of the ‘Auf Wiedersehen, Pet’ era of the 1980s when the economy saw an explosion in the number of workers who travelled abroad for a better quality of life, new research from Cater Allen Private Bank suggests 2.1 million Britons are planning to get away from a troubled economy and will leave the UK to earn a living overseas in the coming year.
One in five Britons have already made money by living and working abroad and that the same number are considering the move over the next 12 months, with men twice as likely to do so than women.
As well as being able to work anywhere within the EU without a visa, the exodus may be helped by the fact that a large number of Britons already have ties abroad, with 20.3 million people having friends living and working overseas and 21.7 million have family abroad. Britain’s extended network of family and friends already serves as more than just a social function, with 1.8 million people stating that they periodically travelled to meet these people on matters relating to business.
International health insurance: News update: October 2008