Market Research Sees Many Britons Happier After Relocating Abroad for Work

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22nd March 2013 15:53 - Business Support


An online survey carried out on behalf of Lloyds-TSB International has revealed that the poor economic climate is encouraging an increasing number of Britons to look abroad for employment.

Almost a third of the surveyants claimed they moved abroad for work reasons and of those, 79% claimed they are better off financially for doing so.

Of the 1,089 respondents who relocated from the UK to 13 different destinations around the world, the study found that the most popular choices are English speaking countries like the Isle of Man, the Channel Islands, America, Canada, Australia and New Zealand. In addition, the top European locations are France and Germany.

It was also shown that the Isle of Man has proved to be a sound relocation choice – 93% of Britons who have moved there said they feel safer than they did in the UK, while 88% claimed their quality of life is now better than when they lived in Britain.

Richard Musty, a Director at Lloyds TSB International Private Bank, highlighted further survey findings: “The financial services and manufacturing industries, both of which have been impacted by a challenging economic climate, stand out in terms of the number of people moving abroad for work. However, employers seem to be aware of the challenges and it’s encouraging to see the extent to which they are prepared to help facilitate the move. Significantly, 55% of our respondents were offered a moving allowance, with a further 50% offered help with housing costs and 43% flights home.”

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