Escape Unemployment, Recession and the Weather

As the Bank of England warns of a deepening of the recession, research from the Office of National Statistics revealed that UK unemployment has reached an all time high of nearly 2million.

Along with the rapidly changing face of the high streets, loss of a number of the UK’s best loved retailers, coupled with the dismal weather so far this year, its hardly surprising that some 200,000 Brits emigrate each year.

Last weekend the UK’s most comprehensive Emigrate Show returned to Edinburgh to entice Scots away from the clutches of the UK’s recession to a new and exciting life in abroad. Emigrate Edinburgh is the only dedicated emigration event of its kind under one roof to visit Scotland.

This year, Emigrate Edinburgh was held at The Royal Highland Centre in Ingliston. The show exhibited a range of migration experts who were on hand to provide detailed information on starting a new life in New Zealand, Australia, Candia and America.

Being ex-pats themselves the experts had first hand experience of the pleasures and pitfalls encountered when moving your life abroad. Emigrate Edinburgh catered for all, from those who were just looking to see if they could escape Britain and the credit crunch right through to those who had their visas and who were almost set to start their new life abroad.

No matter what stage of emigration planning, the show provided a range of information on how to sort out visas, employment, relocation, removals, and currency exchange.

Many people tend to forget about organising the transfer of their money in the excitement of emigration planning and often leave it up to the banks to transfer it for them. This oversight can mean loosing £1000s in currency transfers.

Scotland’s leading foreign currency specialist, No1 Currency, who help hundreds of Scots emigrate each year, were in attendance and on hand to provide free and specialist guidance on the best way to move finances abroad.

When it comes to moving your savings, banks invariably provide poor exchange rates, why? Because they can! They hold your money and know you’re probably too busy or stressed to shop around for a better deal. Coupled with their high transaction fees, you can lose up to an extra 4% on your savings when transferring via your bank

MD of No1 Currency, Mark McElney said, “To maximize your transfer it is vital to shop around to find the best rate of exchange. If you are transferring a large sum of money then your best bet is to seek free advice from a specialist currency broker from the outset.”

Not only can No1 Currency offer competitive exchange rates without the hefty transactions fees, they can also offer other services such as fixing your exchange rate up to 24 months in advance. This avoids loss of savings through adverse currency fluctuations, so you know exactly how much you will have when you start your new life abroad.

A Healthier Job Down Under with No1 Currency and Elmvia

Unemployment among newly-qualified healthcare professionals nurses and midwives soared by more than 80% in 2008 according to a government survey revealed by the Nursing Times Magazine.

With UK employment levels at an all time low, No1 Currency, Scotland’s leading foreign currency specialist and Elmvia, an Australian health and medical recruitment firm will certainly not feel out of place at Glasgow’s Novotel this Friday (20th Feb) as part of their recruitment drive seminar aimed at Scotland’s healthcare professionals.

Elmvia Australia is coming to Scotland to join No1 Currency and recruit members of the UK health and medical profession promising them a new life Down Under. The recruitment drive is aimed at both newly qualified and highly experienced healthcare personal across all disciplines of the medical profession, including doctors, dentists, nurses, therapists and social workers.

Managing Director of Elmvia Australia, Iain Dalton said “Scotland and the UK has a long history of emigration to Australia and Elmvia Australia are really excited to be hosting this recruitment event with No1 Currency in Glasgow on Friday,”

“We believe that Scotland has a lot to offer the Australian economy as many of the skills and experiences found here mirror those which are in needed in back home.”

“We hope this recruitment drive will let people see that there are jobs and opportunities out there if you know where to look – and where better to relocate than in Sunny Australia.”

Emigrating to Australia for work or retirement is an exciting prospect, every year thousands of Brits leave the UK to start a new life abroad, however careful preparation is essential to make sure that the move runs as smoothly as possible. The Elmvia emigration seminar, which will take place at the Glasgow Novotel (181 Pitt Street) on Friday 20th Feb 2009 from 2pm till 7.3-pm, will provide a valuable source of information for anyone who is thinking of moving to Australia for a job in healthcare.

The seminar will be supported by Ferguson Cannon Lawyers, who will be attending the event to share their knowledge on other types of trade jobs that are currently in demand, and Scotland’s leading foreign currency specialist, No1 Currency, who help hundreds of Scots emigrate each year and will be on hand to provide free and specialist guidance on the best way to moving finances abroad.

MD of No1 Currency, Mark McElney said “Exchange rate fluctuations can have huge impact on the amount of money you transfer to Australia and fluctuations in £-aud tend to be far greater than many other currencies. This renders currency predications less reliable for those looking to transfer large sums of money to this country.”

“For example, a couple planning emigration to Australia needed to exchange £150,000 to Australian dollars. At the beginning of the process in August 07, their savings would have secured around A$382,500. By the time they were ready to make the move in May 08 the fall in the value of the pound had seen the equivalent value fall to A$307,500.” Mark McElney continued, “This equated to a loss of A$75,000 or, in sterling terms, £36,585.

“By seeking guidance from a Foreign Currency Specialist this type of exchange loss could have been avoided by fixing a predetermined rate of exchange up to 24 months in advance.” Mark McElney commented, “With savings protected from the uncertainties of the foreign exchange market, and health and medical recruiters Elmvia on hand, starting a new life in Australia has never been easier.”


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Recession Sparks Franchise Boom for No1 Currency

Since the start of the economic slowdown at the beginning of last year, No1 Currency has seen increasing demand for its franchised bureau de change package, with a number of travel agents, financial services, and even letting agents keen to diversify their product range and add a new source of income to their existing business.

No1 Currency is the only Foreign Currency Specialist in the UK to offer a fully managed and branded Bureau de Change solution for retail chains and independents that are looking to diversify their product range.

The popular demand for this low risk - high profit business model, which can be incorporated into any existing retail outlet at a very low cost, is testament to the fact that during an economic slowdown low risk diversification is a highly favourable option.

In 2008 No1 Currency opened one new bureau de change outlet every week using this business model, growing their network of Bureau de Changes by 25% in just one year.

According to FranchiseInfo.co.uk a downturn in the economy actually encourages people to seriously consider their options and franchising is considered the safest route for business expansion.

“It’s a win-win situation for everyone,” Managing Director of No1 Currency, Mark McElney commented, “our fully managed Bureau de Change franchise offers retail outlets the chance to expand and diversify their product range, widening their client base and grabbing a slice of this highly lucrative market, at a very low risk and cost to themselves.”

“Not only is this arrangement beneficial to our Bureau de Change partners but it’s also advantageous for our Bureau de Change customers,” Mr McElney continued, “by using this unique model to grow our Bureau de Change network we are able to save costs on start-ups and overheads, we put this saving directly into our customers pocket, which is why they get a better deal for their currency every time.”