Emmigration from Britain
Financial Armageddon has a post about the problems in Britain. Something that caught my attention in it is the number of foreign workers leaving.
The falling pound is a disaster for foreign workers, and the employment sectors that Britain is having problems filling. When I went to teach there the pound was about 2.30 and dropped to about 2.00 by the time I left 4 months later. I needed a fair bit of cash up front and then it declined by about 15% by the time I left. That was huge unexpected pay cut.
Australian workers are facing a change from 2.50 to 1.80. That's about a 30% pay cut.