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.
The Alliance and Leicester claims that the majority of entrepreneurs that do well are the first born child and have at least one brother or sister.
Having spoken to business owners across the country the Alliance and Leicester found that 60 percent of them were the eldest child in the family, with 85 percent of them having younger siblings. This suggested that they could have developed their teamwork and leadership skills.
Other personal traits that are the sign of a successful entrepreneur include dependability, consideration and being a good listener. The Alliance and Leicester also found that state education works well for the entrepreneur, with over 70 percent having a regular state education.
The May Fundamentals report produced by Legal and General suggests that the economic outlook for the UK is a negative one.
There are some positive factors said the Legal and General, such as low unemployment, the weaker pond helping exports and the fact that consumer spending is still active. However they see more negative elements than positive ones which leads them to rating the economic forecast as poor.
Key pointers include the much more difficult lending conditions facing borrowers, higher levels of debt and also a rate of inflation that is rising much too quickly. All in all the Legal and General view is that, unless changes are seen in this factors the UK economy could face real difficulties.
