Brexit adds £300 to family holidays

17 August 2016 08:05

The Lib Dems say holiday costs are soaring as the EU referendum makes travelling abroad too expensive for some families.

The Lib Dems say holiday costs are soaring as the EU referendum makes travelling abroad too expensive for some families.

Britain may still be part of the EU but Brexit is already pushing up the price of a family holiday.

Britain's decision to leave the EU and the falling value of the pound means the cost of a typical family holiday to Europe has risen by £300, the Liberal Democrats say.

Holidays now "unaffordable" for some families

The party says the cost has soared by 23% due to sterling's decreased value since the EU referendum, making holidays abroad too expensive for some families.

Using figures from Asda Money, the Lib Dems say a 10-day trip to Europe for a family of four now costs £1,609, up from £1,310.

This is because the Euro was typically worth 70p before the June 23 vote, but is now trading at around 86p.

During the referendum, Remain campaigners warned that the cost of a typical holiday could increase by £230.

Lib Dem leader Tim Farron said: "Brexit campaigners dismissed the figure as scaremongering but it actually proved to be an underestimate."

He added: "For some families, this will make a holiday abroad unaffordable this year."

Call for single market reassurance

Mr Farron called on Theresa May to say whether she wants Britain to remain in the single market or not.

"I call on her to make clear that she thinks Britain should remain part of the world's most lucrative market and not tie British industry up in endless red tape when it tries to export," he said.

"Such an announcement will reassure markets.

"It will also help people who have worked hard all year enjoy a well-earned week or two in the sun."

Brexit not stopping holidaymakers

Tour operator TUI says there has been no post-Brexit slowdown in UK bookings..

Europe's biggest tour operator says UK revenue and bookings are up 6% this third quarter, adding: "There has been no apparent slowdown in bookings as a result of the EU referendum."

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