Wednesday, July 9, 2008

Everyone Wants to Leave but Have We Left it Too Late?

Revealed: Why Britain’s Retirees are Moving Abroad

Specifically examining why British retirees are emigrating in greater numbers, but commenting on how many pre-retirees may now be trapped in the UK by falling house prices...it makes for factual and enlightening but grim reading!

Posted by richard stanton @ 03:39 PM (632 views)
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6 thoughts on “Everyone Wants to Leave but Have We Left it Too Late?

  • European-bear says:

    One consequence of having no capital gains tax on residential houses is that people who brought “as big as they could afford” and added to HPI can now sell their inflated assett and disapear with all the loot, but the young generation will be paying for the previous generation enjoying the life in the sun by high house prices, high mortages etc. Capital gains tax on houses would not only restrain HPI, but also minimise the transfer of wealth from the young to the soon to be offshore ol!

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  • beartil2010 says:

    With this recession kicking in the number of people leaving will go up because they get paid more elsewhere. Also lots of immigrants to the UK are returning home too – more housing stock, again exacerbating the lower price situation.

    I actually have a permanent visa for Oz and will be moving there at the end of the year. Been planned for ages, just happens to be occurring as things hit the fan!

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  • leaving early beartil2010 ?

    Watch out, things in Oz are going pear shaped as well. You might want to move somewhere up and coming like Iraq

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  • uncle chris says:

    or if you are feeling really brave ….. London !

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  • cyril,

    Oz might be in trouble but the UK is worse. We have almost the highest household debt per capita in the industrialised world (I think only Ireland is worse), we also have an over-indebted corporate sector. Our oil and gas production is falling at an alarming rate; and our currency is slipping against everything except the dollar, which isn’t much consolation. Our beloved financial services sector is in chaos; and our budget deficit is the worst in the EU. So if I were Mr beartil2010, I’d happily leave for down-under!

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  • I lived in Australia for quite a few years (Perth, Broome, Darwin, ACT) and found the levels of yobbishness, violence and crime (both major and petty) among the young to be much like the UK, along with an unhealthy racism — bizzarre for a country that trumpets its association with Asia so loudly.

    But then, many Australians are British by extraction so we shouldn’t be too surprised by the similarities. In contrast, I have found the US to be a real eye-opener: people here have a sense of respect both for self and society that is long gone from the UK. I may return to the UK to retire in the Derbyshire hills, but everything the lead article says about Britain is true and it is cause for collective regret and shame.

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