Australians leave UK to escape credit cru
Jun 29th 2008, 2:28 pm
#1
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Australians leave UK to escape credit cru
Jun 29th 2008, 5:47 pm
#2
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Location: Adelaide, South Australia
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Re: Australians leave UK to escape credit cru
Australian authorities have recorded a 50 per cent increase in the number of their citizens returning down under since last summer. Growing numbers of migrants from Poland, India and Nigeria are also said to be leaving in the hope of easier times and more economic stability back home.
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The cost of raising a family is said to have jumped more sharply in the UK than in any other country in the western world.
[...]
Many have been tempted back by a strong economy that has grown by 3.6 per cent over the past year, with the Australian dollar at an 11-year high against the pound. Jason Cartwright of Link Recruitment, an international employment agency, said the City was suffering a "brain drain" as bank and insurance workers leave.
[...]
Chris Hurd, 45, a film-maker, returned to Sydney three months ago, after ten years in the UK, because he and his wife could not afford to raise a family in London.
He said: "You can't get a rudimentary education in England without paying a fortune."
Nicola Brennan, 35, moved back to Melbourne after ten years as an accountant with an investment bank. She said it seemed a better place to start a family.
Jun 29th 2008, 6:40 pm
#3
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Joined: Jan 2007
Posts: 697
Re: Australians leave UK to escape credit cru
Australian authorities have recorded a 50 per cent increase in the number of their citizens returning down under since last summer. Growing numbers of migrants from Poland, India and Nigeria are also said to be leaving in the hope of easier times and more economic stability back home.
advertisement
The cost of raising a family is said to have jumped more sharply in the UK than in any other country in the western world.
[...]
Many have been tempted back by a strong economy that has grown by 3.6 per cent over the past year, with the Australian dollar at an 11-year high against the pound. Jason Cartwright of Link Recruitment, an international employment agency, said the City was suffering a "brain drain" as bank and insurance workers leave.
[...]
Chris Hurd, 45, a film-maker, returned to Sydney three months ago, after ten years in the UK, because he and his wife could not afford to raise a family in London.
He said: "You can't get a rudimentary education in England without paying a fortune."
Nicola Brennan, 35, moved back to Melbourne after ten years as an accountant with an investment bank. She said it seemed a better place to start a family.
Jun 30th 2008, 3:47 am
#4
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Re: Australians leave UK to escape credit cru
He said: "You can't get a rudimentary education in England without paying a fortune."
Jun 30th 2008, 4:17 am
#5
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Location: Melbourne
Posts: 10,994
Re: Australians leave UK to escape credit cru
For all the talk we hear about the resources boom and Aussie economic utopia, 3.6% GDP growth is hardly spectacular. Over the period to which the figures refer, the UK was just a shade under 3.0%. And like the UK, that rate is set to slow significantly.
http://www.theaustralian.news.com.au...-32542,00.html
In its forecasts last month, the RBA had GDP growth running at 2.5per cent over the year to June.
While growth in the year to the March quarter was running at 3.6per cent, if we annualise the quarterly rate of 0.6per cent, like the US does, growth is running at 2.4per cent - pretty much line ball.
..........
In fact, Stevens is probably relieved that March did not produce a negative GDP figure, which preliminary indicators suggested was certainly possible.
So unless all these Aussies, who probably work mostly in the City of London are running back to Aus to work in the mines, they may hit exactly the same issues.
http://www.theaustralian.news.com.au...-32542,00.html
In its forecasts last month, the RBA had GDP growth running at 2.5per cent over the year to June.
While growth in the year to the March quarter was running at 3.6per cent, if we annualise the quarterly rate of 0.6per cent, like the US does, growth is running at 2.4per cent - pretty much line ball.
..........
In fact, Stevens is probably relieved that March did not produce a negative GDP figure, which preliminary indicators suggested was certainly possible.
So unless all these Aussies, who probably work mostly in the City of London are running back to Aus to work in the mines, they may hit exactly the same issues.
Last edited by bcworld; Jun 30th 2008 at 4:24 am.
Jun 30th 2008, 10:08 am
#6
Where traffic lights rule
Joined: Aug 2006
Location: Brighton QLD
Posts: 2,460
Re: Australians leave UK to escape credit cru
They would get a shock when they exchanged there pounds!
The cost of living might also take them by surprise.
The cost of living might also take them by surprise.
Jun 30th 2008, 11:29 am
#7
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Location: Bunbury, Western Australia
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Re: Australians leave UK to escape credit cru
It's interesting to read these statements.
I am by no means the worlds authority on even the leanest intellectual topic. I was brought up (not in the technicolour yawn sense, but nearly) in the industrial North of the UK, in Bradford (ouch).
Whilst I had a reasonable and, by no means, deprived education; the most valuable things I have learned have been from the people I have met along the way.
Sometimes, the education that people pay so much for their children to have, actually affords them sweet Fanny Adams.
I have met wiser people than me, who in fact, never even attended a formal school or anything similar.
It's also worthy of note, that the brightest university students, employed by the most prestigious companies, are often the most inexperienced, dangerous, and annoying of people.
-Damn sure this will annoy some of you :-)
J
I am by no means the worlds authority on even the leanest intellectual topic. I was brought up (not in the technicolour yawn sense, but nearly) in the industrial North of the UK, in Bradford (ouch).
Whilst I had a reasonable and, by no means, deprived education; the most valuable things I have learned have been from the people I have met along the way.
Sometimes, the education that people pay so much for their children to have, actually affords them sweet Fanny Adams.
I have met wiser people than me, who in fact, never even attended a formal school or anything similar.
It's also worthy of note, that the brightest university students, employed by the most prestigious companies, are often the most inexperienced, dangerous, and annoying of people.
-Damn sure this will annoy some of you :-)
J
Jun 30th 2008, 12:16 pm
#8
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Joined: Apr 2008
Location: Perth, WA
Posts: 477
Re: Australians leave UK to escape credit cru
It's interesting to read these statements.
I am by no means the worlds authority on even the leanest intellectual topic. I was brought up (not in the technicolour yawn sense, but nearly) in the industrial North of the UK, in Bradford (ouch).
Whilst I had a reasonable and, by no means, deprived education; the most valuable things I have learned have been from the people I have met along the way.
Sometimes, the education that people pay so much for their children to have, actually affords them sweet Fanny Adams.
I have met wiser people than me, who in fact, never even attended a formal school or anything similar.
It's also worthy of note, that the brightest university students, employed by the most prestigious companies, are often the most inexperienced, dangerous, and annoying of people.
-Damn sure this will annoy some of you :-)
J
I am by no means the worlds authority on even the leanest intellectual topic. I was brought up (not in the technicolour yawn sense, but nearly) in the industrial North of the UK, in Bradford (ouch).
Whilst I had a reasonable and, by no means, deprived education; the most valuable things I have learned have been from the people I have met along the way.
Sometimes, the education that people pay so much for their children to have, actually affords them sweet Fanny Adams.
I have met wiser people than me, who in fact, never even attended a formal school or anything similar.
It's also worthy of note, that the brightest university students, employed by the most prestigious companies, are often the most inexperienced, dangerous, and annoying of people.
-Damn sure this will annoy some of you :-)
J
Exactly.
I work with people who are the same grade as me who waffle on about their degrees. End of the day they get paid the same as me, so it hasn't done them any good. And i'm not saying they're all the same but the people i am talking about have no common sense at all, mainly because they have no experience of life.
