- 14
- Nov
Nearly one third of Britons have been employed overseas at some point in their lives, new figures have shown.
According to Lloyds TSB, Europe is the most common destination for those who have jumped ship and earned a living abroad, with more than half (56 per cent) of people doing so. However, a fifth (20 per cent) of Britons have headed further east, going to work in Asia. Furthermore, nearly the same proportion (18 per cent) said that they had worked both in North America and the Gulf.
For those who are planning on heading abroad in the coming months, whether for work or leisure purposes, taking out a personal loan may prove an effective way to pay for travel and accommodation during the early days of such a trip. This type of loan may be of particular interest to those who are heading abroad to expand their career horizons, with nearly a quarter (24 per cent) of those Brits who have done so citing this as the primary reason for leaving. Meanwhile, 25 per cent said that working abroad was necessitated by a new job. However, nearly a third of people said they were drawn overseas to absorb new cultures and experiences.
However, Lloyds TSB was quick to point out, moving overseas to take on a new job sometimes left people in difficulty. While more than half (53 per cent) said that they had trouble being away from friends and family for extended periods, some experienced problems dealing with lifes financial practicalities. Of those questioned, a fifth said that they had difficulty setting up bank accounts, managing their mortgage and making payment arrangements on items such as credit cards, personal loans or other debts owed in the UK.
Commenting on the findings, Stephanie Cousin, head of operations at Lloyds TSB International, said: “Were certainly a nation of intrepid travellers and whether its to gain international work experience or simply escape the weather, its clear that many of us may be working overseas for part of our career. Living away from home can be stressful, so you need to do your homework and sort out the important things, like finances, before you depart.”
Doing so may be of particular importance to men after further findings from the group showed that they are almost twice as likely to work overseas as women are. While some 22 per cent of females said they had done so, 42 per cent of males said they had spent time abroad working.
Whether planning a winter getaway or preparing themselves for an occupational exodus, consumers who are planning on going abroad may wish to take out a personal loan to help cover costs. Meanwhile, a loan may also be of use to those who have got their sights set on overseas adventure after a study by Cater Allen Private Bank revealed that more than half (54 per cent) of British holidaymakers plan their trip with a view to doing some form of activity such as scuba diving, skiing or horse-riding.
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