A new survey from Lloyds TSB International for The Telegraph weekly world edition, says that more than half of all British expatriates believe they will never live in the UK permanently again. However, only a quarter of expats are happy to cut all ties with the UK with three quarters saying it’s important to keep links with the mother country.
The survey shows that nearly 60% of British expats left the UK for work reasons. A third of those who are expats for work reasons fall into the 45-55 year age group - and half of them say they have no plans to return home.
The survey interviewed British expats in France, South Africa, USA, UAE and Hong Kong. Expats in the first three countries were likely to stay away from the UK the longest. Expats in the UAE and Hong Kong, who tend to be men aged 25-54, were less likely to remain expats for more than 10 years.
Of all those surveyed, 56% said they would never live in the UK permanently again with the younger the expat, the more likely the chance they plan to return home. The older the expat, the more likely they are to stay abroad: 80 % of those age 65 or over have no intention of ever returning to the UK.Out of all the age groups, the most popular reasons given which would make them return home were family pressure and poor health. Three-quarters of those surveyed keep ties with the UK, with visits to family outnumbering business trips six to one.
Jakob Pfaudler of Lloyds TSB international says, "Moving countries carries with it a huge emotional investment and it take on average one to two years before an expat establishes a social network and starts to feel settled. Most move to advance their career, so it is no great surprise that once they start to reap the benefits they are not contemplating moving yet again."
International health insurance: News update: 22 October 2010