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Brits 'spending redundancy packages on gap year travel'

Thousands of Brits are spending their redundancy packages on backpacking trips in a bid to escape the recession, it has been discovered.

A recent poll carried out by Ebookers revealed that one in five (19 percent) of those who lost their jobs during the credit crunch are planning to head overseas.

Furthermore, 26 percent intend to use their redundancy settlements to fund their escape, with the average traveler spending £2,678.69 on their break.

The average Brit is planning to take three months out for their trip. However, five percent intend to travel for a year.

Commenting on the findings, Claire Howard-Jones, a spokesperson for the website, said it is encouraging to see that the credit crunch is not all doom and gloom.

"What's more, with some fantastic deals at the minute, it is even easier for travellers to head off and experience great destinations at a lower cost," she added.

In related news, cheapflights.com revealed that long-haul destinations such as Thailand are still popular with gap year travelers.

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