Expat Uk News

Latest 10 news items tagged Uk

23 Aug at 6 PM 2017

Spanish economic revival tempts expat investors

Ten years ago, Spain was in crisis, but now its economy is soaring to new heights. I n 2008, the main topic of expat conversation in bars and restaurants was ‘la crisis’, and with very good reason. Bad debts due to the credit-fuelled construction boom had caused a spectacular fall in real estate prices, the global financial crisis was destroying small businesses and banks were collapsing under the pressure of one of the worst downturns in European financial history. Desperate expat property owners were simply handing their banks...
23 Aug at 6 PM 2017

No relief as yet for UK expats in limbo

The upcoming talks in Brussels over the fate of millions of expats are expected to centre on reciprocal rights acceptable to both sides. Brexit negotiations are due to begin again in Brussels in September, leaving the lives of the four million and more expats affected by last year’s referendum in limbo, along with the huge number of British businesses dependent on EU expat labour. The controversy is based on reciprocal rights for Britishers in Europe and EU citizens living and working in the UK, with neither side seeming willing to...
23 Aug at 6 PM 2017

EU and UK negotiators poles apart on UK and EU expats fates

As British parliamentarians shrug off the holiday spirit and reluctantly turn their thoughts to getting on with their jobs, what’s in the upcoming session for Brexpats? Reports that both sides’ projections about the post-Brexit fates of UK and EU expats are becoming clearer are filtering in from the two opposing teams of negotiators, but nothing is, as yet, set in tablets of stone. PM Theresa May’s recently published policy paper finally refers to Brits living across Europe, and Guy Verhofstadt is suggesting they are granted...
22 Aug at 6 PM 2017

Sudden rise in British deaths in Thailand gives cause for concern

A British Foreign and Commonwealth Office report has shown the 2016 death rate figures of British citizens in Thailand increased by 27 per cent over the 2015 total. The FCO report, issued after the granting of a Freedom of Information request, showed the total number of deaths of British citizens in Thailand had jumped by over a quarter in 2016, and included a dramatic rise occurring in expats and tourists over 50 years of age. In this group, the increase over the 2015 figure of 281 deaths was 35 per cent, bringing the 2016 total to...
21 Aug at 6 PM 2017

Retired US expats can live the good life on a budget

As prices increase across the USA, more and more retirees are becoming expats enjoying a better quality of life at far less cost. Americans, it seems, aren’t great at saving for retirement. A recent report released by the Economic Policy Institute suggests the average American retirement nest egg is as low as $5,000. Those getting close to retirement are doing slightly better with some $17,000 but, with prices rising month by month, that’s not exactly a comfort zone. Whilst costs in the USA do vary across the states, it’s now...
18 Aug at 6 PM 2017

Surge in young professionals looking to emigrate

Relocation companies are seeing a surge in the numbers of younger professionals looking to leave their countries of birth. For several decades, demographics related to expats have shown older professionals and retirees as the two main groups looking to emigrate, but a recent survey seems to have overturned the balance. The study, undertaken by a leading relocation company, indicates it’s those between the ages of 18 and 35 years who are desperate to try a new life overseas. Inquiries by young creatives and other professionals have...
18 Aug at 6 PM 2017

Long term expats still nostalgic about British aspects of life

However long Britons have lived overseas, there are few who won’t admit to missing certain aspects of their former lives. Emigrating can be exciting, scary and challenging as well as slightly saddening, especially if the move was planned as a permanent departure from the country of birth. However well they’ve adjusted to their new, often totally different lifestyles, for the majority of Britons there will be still things they will miss. Family and friends top the list, followed by typical British food favourites, the British sense...
17 Aug at 6 PM 2017

UK expats warned sterling to fall below euro by 2018

Worse is yet to come for British state pensioner expats as a major investment bank warns the value of sterling will have crashed to below that of the euro by early 2018. In an FX Overview note sent out to clients last Friday, analysts at Morgan Stanley predicted the value of the pound sterling is due to fall to below the value of the euro for the first time ever. As a result, the euro will become the strongest of a basket of major currencies, and UK expat pensioners living in Europe will find themselves between the proverbial rock and...
17 Aug at 6 PM 2017

Brit expat pensioner loses jewellery worth €10,000 to fake electrician

A British pensioner living on the Costa del Sol has been robbed of her jewellery valued at €10,000 by a thief posing as an electrician. Patricia Vause, an 88 year-old expat from York, has lived in Ronda en al Mar on the Costa del Sol for the past 30 years since she left her job as a career civil servant at the UK’s Ministry of Defence. The brazen thief gained entry to her home by simply knocking on the door and telling Patricia he was from electricity supply company Endesa. Once allowed in, he put her at her ease by talking...
15 Aug at 6 PM 2017

Expat landlords at risk of property pension shortfall

Tax changes are putting expat landlords at risk of falling profits on UK property investments. As many as two million property investors, a good number of whom are expatriates, are at risk of a shortfall in rental profits due to tax changes. According to the National Landlords’ Association, a new method of calculating mortgage interest is discounting tax relief, leading to reduced profits on property investments and shortfalls on retirement incomes. Almost 80 per cent of landlords are utilising buy-to-let property investments to...