penguinsix

http://www.telegraph.co.uk/finance/f...o-failure.html

Ok, it's yet another one of those "worst case scenario" scare stories that we've been seeing quite a lot of in the tabloids lately, but I thought I should mention this one as it relates to the transfer of funds from the UK, something that is probably of considerable importance to some members.

Like those posts we see "is the £ going to go up or down" this is one of those things probably a bit far away to see clearly, but for those who aren't following that closely you might want to consider talking to your own financial planner about some 'what if' scenarios, especially if you are dependent on a monthly transfer coming from a UK bank to your US accounts.

scrubbedexpat099

The Telegraph is a tabloid?

GBP50 last time, I remember getting a stamp in my passport.

lansbury

I think you will find this is more about stopping the inflow of foreign currency into the UK and driving up the value of the £, thus damaging exports, rather than putting restrictions on what people can take out.

Giantaxe

It may not be a tabloid, but it's veered too much towards the kind of sensationalist stories that are the hallmark of them.