More Brits opting to remain in Australia
According to a new Lloyds TSB survey, up to 800,000 British expats have decided against any plan to return to the UK, with the summer riots and the UK’s economic downturn being cited as contributing factors in their decision to remain abroad.
A year before, 56% of respondents indicated they had no plans to return to the UK, but in the latest survey, this number had risen to 67%.
Respondents said that improved financial prospects and better quality of life were the main factors driving expats’ decision to remain overseas.
Despite the higher exchange rate, 64% of those interviewed felt that they were financially better off living abroad, with only 25% believing that the cost of living was higher.