Thursday, November 3, 2011

British Expats Cancel Returns to UK

LONDON, ENGLAND, November 03, 2011 /24-7PressRelease/ -- Britons living overseas cancel their plans to return to the United Kingdom citing poor socio-economic indicators.

- Around 825,000 expats have cancelled their plans to return to the UK in last 12 months
- Sixty-nine per cent say they will stay abroad indefinitely - an increase of 13 per cent in a year
- Expats say UK is now 'more expensive, less safe and offers a lower quality of life'

Following continued concerns over the state of the UK economy and riots in August, a new report from Lloyds TSB International has emerged that reveals 15 per cent of British expats have decided to cancel their plans to return home over the last 12 months.

This figure equates to around 825,000 of the estimated 5.5 million British people who currently live overseas,* with some of the reasons cited for the change including the higher quality of life better abroad, as well as healthier finances and safer neighbourhoods. Read more

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