One in five Scots would consider moving abroad to escape the credit crisis in the UK, a new YouGov poll has revealed.

Commissioned by Legal & General, the survey shows that 19 per cent of Scots would consider moving abroad to escape rising living costs, reports the Scotsman.

Earlier this week it was reported that consumer prices were running at three per cent, well above the government’s target of two per cent.

Tim Warren, wealth communications director at L&G, told the paper: “In the current financial climate it’s prudent for people to tighten their belts.

“But it is still startling that so many Scots would be prepared to leave the country.”

It is possible that many Scots would consider moving to Spain, which already has a strong expatriate community.

According to the Office for National Statistics, the price of food, electricity and gas is responsible for pushing up inflation.

Tags: overseas property, Spain