In less than a month, Brits will head to the polls to decide whether the UK remains in the European Union.
While experts predict Brexit will increase the cost of travelling to the continent, gopili.co.uk – the website that compares train, coach, ride share & plane options – has revealed a 30 percent rise in the number of Brits travelling to Europe this half-term, the last before the poll.
The uncertainty among the potential “Brexit effect” on Brits’ purchasing power for European travel can explain the significant growth, the company said.
According to economists, leaving the EU could undermine the value of the pound against the euro, reducing the purchasing power of Brits in European countries. There is also a fear of increased air fares. A new treasury analysis from the government published on May 24 predicts that a 4-person holiday to Europe this summer could rise by £230 if the UK left the EU.