Britain's five and a half million expats have hoarded a collective £150bn, a quarter of which is held by the richest expats in the Gulf, according to Alliance & Leicester International (ALIL).
Research found UK expats save thee-quarters more than their domestic counterparts, amassing an average of £54,621 per household, compared with domestic savers’ collective £820bn, equivalent to £31,300 per household. While Australia is the most popular choice for British expats, with 1.1 million settled there, 1.8 million expats are spread across Europe, favouring France and Spain in particular. Another million live in North America, the majority in the US. However, the spread of wealth does not correlate with the spread of expats. The richest 10% of expats can be found in the Gulf, acco...
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