Newspaper article The Evening Standard (London, England)

Brexit Would Have Little Effect on Holidays This Year

Newspaper article The Evening Standard (London, England)

Brexit Would Have Little Effect on Holidays This Year

Article excerpt

Byline: says Simon SIMON CALDER

My family and are due to go on holiday to Fuerteventura in July. If we were to vote to leave the EU, would it make any difference to our trip? Trevor Smith AS WITH almost all questions to do with the referendum, the answer isn't as crisp as you might like. It is "possibly".

You and I have no idea how British holidaymakers might be regarded abroad in the event of a decision to leave. I don't for a moment imagine we would be shunned, even in a pro-EU country such as Spain. But people in other European countries may well be curious about the outcome, and keen to share their views on the EU.

Apart from that, the logistical impact is small. If you have already bought your holiday money, and are therefore locked into a particular rate of exchange, there should be no material difference in cost. If you haven't, then you might find that you get fewer euros for your sterling after a Leave vote. The Treasury has forecast that the pound would lose 12-15 per cent of its value -- not just against the euro but against other major currencies. …

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