British expats feel able to cope with downturn

Most expats from the UK believe they are more able to withstand the global recession because they live overseas.

Research by NatWest found that 87 per cent of Britons who have emigrated, such as over 50s who have retired abroad, think they are faring better because they have left home.

Indeed, the majority of respondents said they feel financially better off and still believe that moving abroad was the right decision.

Dave Isley, head of NatWest International Personal Banking, commented: "The dream shared by many Brits of living a prosperous life abroad still appears to be alive and kicking."

He added that expats are finding it easier to manage the current economic pressures in an environment where they are enjoying a higher quality of life.

This comes after a study by Halifax International found two-thirds of expats from the UK feel happier now they live in another country.

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