Could UK's economic woes prompt increase in international money transfers?

International money transfers could be on the rise as a survey has shown an increased interest in emigrating.

The latest figures from the Office for Budget Responsibility (OBR) show that the UK economy is predicted to grow by less than expected in 2011.

Ex-chancellor Alistair Darling predicted growth of 3.25 per cent; however, the OBR has claimed the real figure could be as low as 2.6 per cent.

Coupled with the forthcoming Budget spending cuts to be announced on June 22nd, the poor economic outlook appears to have prompted some people to consider moving abroad.

A study conducted by price comparison site uSwitch.com, found that 30 per cent of people polled reckoned that now is a good time to move overseas.

People looking for somewhere full of bright sunshine and low prices may want to consider making an international money transfer to Cuba in order to settle abroad.

Expatriate advice website Shelter Offshore said that although the island "wasn't even considered a suitable holiday destination" until very recently, "a handful of intrepid expatriates" have found that "the cost of living really is incredibly affordable".

Click her to make an International Money transfer

Posted by Eleanor Ward