What does Brexit mean for British tourists travelling to Europe?



When summertime hits, millions of British tourists head to various destinations around Europe for a well-earned break. They will now however feel the effects of the Leave vote, which will push prices up abroad.

Holidaymakers will now pay more for foreign currency after the pound plunged to its lowest level since 1985.

Some holiday resorts are apparently refusing to exchange the British pound, with British tourists experiencing the effect of Brexit already.

There will be even bigger changes longer term.


What does Brexit mean for British people travelling to Europe?

Will holidays cost more?

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The pound has already crashed to its lowest level, which means the price of everything, from a cup of coffee in an Italian café to a stay in a luxury hotel will rise.

This increase will depend on where the pound settles at. It was predicted before the referendum that in the event of a Leave verdict, then the sterling could lose 12-15 percent of its value.

The exchange rate from sterling to euro will be an important factor as we take most our holidays in Spain, Greece and France.

Even further afield prices will rise. This will be in proportion with the strength of the dollar relative to the pound.

The UK will become a much more affordable destination to overseas tourists.

 

Will you have to pay more for your holiday this year or after?

Pile of euros

Pile of euros

The travel association Abta allow holiday companies to impose surcharges – this means the cost of your holiday can increase after booking due to currency fluctuations.

If you have already paid for your holiday in full it is unlikely you will have to pay this.

If you have put together your own trip, then you will find that the cost of paying for accommodation or rental cars will increase.

There could also be additional insurance costs if the UK leaves the European Health Insurance Card scheme.

Will health care get more expensive?

Many of us already have European Health Insurance Cards, which indicate being entitled to health care on the same terms as local people in EU countries.

The UK will have to strike deals with some or all EU members, which means travel insurance could increase.

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