Backpackers improving their CVs could buy cheap travel insurance

Tom Griffiths, founder of gapyear.com, said that "employers like the life skills that you develop when you're overseas".

Mr Griffiths said that those who have received a redundancy payment could invest the money in a plane ticket.

"As long as you can cover the costs of your flights out there, within reason you can get anywhere around the world on a single or return flight for less than a thousand pounds," he said.

Young professionals may find that they may not even have to pay for flights if they have skill sto offer a voluntary project abroad, Mr Griffiths added.

Recent research published by currency exchange firm Travelex suggests that just over three-quarters of those recently made redundant would like to use their free time to travel.

One in ten of those surveyed saw the recession as a positive opportunity to build on their experience and try something different.

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