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.
It has been suggested by the Alliance and Leicester that small business owners can make their lives easier by carefully selecting the best bank to suit them, rather than just going for the nearest or most advertised.
The Alliance and Leicester head of Business Banking has said that choosing the right deal on a business bank account can make a real difference in the day to day running of the organisation. More money can be earned in interest, there can be easier access to funds and good communications can ease stress levels.
With these points in mind it may come as no surprise to hear that the Alliance and Leicester has been named as the current account provider of the year for business banking, an award it has now received for the last 6 years.
Tesco Finance is understood to be aiming for a full retail bank status, offering the full range of bank products and services to customers.
The 50 percent stake RBS hold in Tesco Finance is to be bought back by Tesco itself, at a cost of GBP950 million. The initial plan appears to be an expansion of the current product range offered, with home insurance the first to receive the extra attention. After that Tesco Finance are expected to start offering basic bank accounts, placing themselves in direct competition with the high street banks.
The position of Tesco Finance, using its core Tesco brand to win customers through supermarket retailing, is a strong one. Most people in the UK use Tesco at some time, so the chance to promote a full bank operation via the stores and online could prove an excellent opportunity.
