A study by Natwest Bank has found that more workers than ever before are doing jobs in countries other than the UK.
The study found that more than 200,000 brits went to work in other countries, the Natwest Bank data based on 2006 figures, the most recent available. Over 40 percent of these workers were at a managerial or professional level, taking their skills and knowledge to develop businesses abroad.
When asked about the reasons for moving these overseas workers said that they were lured by a better job and better pay. The average salary for these expat workers is GBP67,000, and when combined with a lower cost of living and better living standards generally it is clear to see how attractive such a proposition can be said a Natwest Bank spokesman.
Natwest Bank has just announced its latest student current account offers, with interest free overdrafts, laptop savings and reduced rail fares all available.
This time of year sees all the major banks introducing their student offers, and the one from the Natwest Bank looks like a very good one. Of particular interest to students is the size of the overdraft, which starts at GBP1,250 with the Natwest, going up to GBP2,000 by year five. They are also offering a GBP100 discount of Asus laptops as well as GBP50 off 3 mobile broadband.
The Natwest current account for students also makes it easier for them to travel, with a railcard that can save over GBP120 per year on travel. For anyone thinking of signing up online do it before the end of October and the Natwest will throw in a Microsoft Lifecam as well as everything else they offer.
The Legal and General is reporting that economic indicators are flagging up a 95 percent chance of economic slowdown and subsequent recession.
According to an analyst at the company these indicators are even more pronounced than in 2001, the last time the UK economy fell upon hard times. This time the country is even more reliant on borrowing and the criteria for lending money is tighter than before. It has also been said that, even if access to credit becomes easier the startlingly fast rise in the price of fuel will keep the pressure on consumers and the economy.
The Legal and General analysts are factoring in the global slowdown that is needed, saying that countries such as the UK and USA will be hardest hit. All in all these look like trying times for the economy and consumers.
