More young Britons could be heading to Australia

A growing number of young Britons could be looking to spend their overseas travel money in Australia in the near future, as more people are expected to take gap years.

Managing director of Real Gap Experience Sam Cox believes that fewer people can afford to go to university thanks to huge rises in tuition fees in the UK, which may tempt more people to head abroad in order to work for a year or so.

Indeed, figures have shown that English university applications are already down by nine per cent in 2012 and Mr Cox feels that a lot more youngsters are no longer seeing a degree as the be-all-and-end-all.

As well as Australia, school leavers are also expected to spend their travel money in countries like Japan and Namibia.

"If the youngsters gain other skills on a trip abroad, these can then be used in a constructive way when they return," he added.

A number of Aussies may be tempted to head in the opposite direction, as the dollar is very strong against the British pound, meaning their prepaid travel cards will last far longer than they did in previous years.

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