Although many Brits are still set to enjoy some fun in this sun this year, spending on their holiday might not be as fervent, a new study shows.
In research carried out by FairFX it was revealed that more than half (57 per cent) of holidaymakers claim they will be forced to either cut down the amount of money they splash out booking a holiday over the next 12 months or reduce their expenditure while abroad. Findings from the pre-paid currency card provider also showed that of those looking to lower their spend while abroad 55 per cent are choosing to do so because they feel that the cost of living is too high and the various demands that their spending comes under have increased. The statistic comes despite the firm pointing out that the Bank of England’s monetary policy committee has taken steps to lower the base rate of interest during recent months.
Read the full article on Holidaymakers Spending Less This Year
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