Are people less financially well off in Britain?

Individuals in Britain may be at greater risk of debt as it has been revealed that Britons living abroad believe themselves to have a higher standard …

Individuals in Britain may be at greater risk of debt as it has been revealed that Britons living abroad believe themselves to have a higher standard of living.

According to the third annual NatWest International Personal Banking Quality of Life Report, nine out of ten expats said they are better off money-wise.

Around 90 per cent of these people claimed to feel financially secure and their salaries are, on average, 20 per cent higher.

On top of this, just 19 per cent said that they will return to the UK, which is a drop of seven percentage points from 2008.

Dave Isley, head of NatWest International Personal Banking, commented that the findings proved that “the pace of life, work-life balance and earning potential abroad means life as an expat is sunnier in more ways than one”.

Joshua Bamfield, director of the Centre for Retail Research, recently predicted that the summer sunshine will encourage more Britons to head to the shops and spend extra money.

By Joe Shervin

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