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British Self-Employed Leaving Overseas
The stamina of self-employed Britons is being questioned by new research, which reveals that roughly one in four is thinking about relocating overseas in the next five years.
The survey of 2,000 managers (start-up, small and medium firms) discovered that the primary reason for wanting to leave the UK was to acquire a better work-life balance.
Impending tax rises in the UK go a long way to explain why 40% of managers say they are eyeing life overseas, while a 33% feel their company would be make more money overseas.
Conducted by Foreign Currency Direct, the results show that Australia and New Zealand are recognised by self-employed Britons as the best countries for relocation.
"Given the state of the UK economy it's hardly surprising that so many self-employed people are considering moving their business interests abroad," commented director Stephen Hughes.
"We've seen a significant jump in self-employed people transferring money abroad to set up their businesses as well as paying for big ticket items such as rental deposits and cars."
Banking and finance sector business owners were shown to be amongst the most avid entrepreneurs to move overseas, alongside bosses supplying professional services.