British expats keen to stay away from UK: survey

Wed Feb 16, 2011 9:39am EST
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LONDON (Reuters Life!) - The majority of British expats are planning to stay away from home because of the country's economic problems, a survey by banking group Lloyds said on Wednesday.

The Lloyds TSB International Expat Survey said 65 percent of those it had polled felt their financial prospects were better in their country of residence abroad, compared to 14 per cent who thought their prospects would improve in Britain.

"Much has been made of 'austerity Britain' in the press and elsewhere, and it seems to be contributing to expats' decisions to settle elsewhere for good," said Lloyds TSB International managing director Jakob Pfaudler.

The survey polled 867 British expats online in January.

<p>An eight-year-old boy from Oxford, England waves British flags ahead of a ceremony at Pegasus Bridge in Benouville, France June 5, 2004. REUTERS/Yves Herman</p>