Self-employed look to move abroad
A quarter of self-employed people within the UK have considered moving abroad in the next five years, according to a survey.
The poll of 2,000 small and medium sized firms cited the lure of a better work and lifestyle is the main reason they would pack up and leave the UK.
Two out of five bosses say looming tax rises make them look overseas, while a third feel relocation offers a better chance of developing a profitable empire.
New Zealand and Australia proved to be the most popular destinations, according to the survey by broker Foreign Currency Direct.
The firm’s director Stephen Hughes said, “Given the state of the UK economy it’s hardly surprising tat so many self employed people are considering moving their business interests abroad.
“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, hospitality, leisure, finance, and professional service sectors proved to be the most eager amongst smaller businesses to make a move abroad.