Living abroad has become so much more viable as the cost of travel plummeted.
The rise of the budget airlines, and the need for other travel operators to slash prices to compete, means moving overseas is no longer the one-way journey of old.
Instead, expats within a short-haul flight of home have suddenly been able to afford to pop back for regular weekends to catch up with family and friends. And those who relocated to another continent can make their annual pilgrimage home without needing an investment banker’s salary or a second mortgage.
For those expats flying to or from the UK though, the November 1 rise in Air Passenger Duty (APD) may shift the balance.
The new rates mean a family of four flying from the UK to Europe will pay £48 in APD when travelling economy class. For journeys to the US the family will be charged £240, to the Caribbean or South Africa £300, and to fly to Australia it will cost them £340 in tax (a rise of 55%).
Add in the actual cost of the ticket, plus the inevitable wad of spending money, and face-to-face contact with old friends and family looks a lot less appealing.
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