Summer holidays will cost up to £500 more if the pound fails to recover from post-Brexit slump
• Sterling has plummeted by 13 per cent since the vote to leave the EU last June • Experts predict that the pound could be worth the same as the Euro by next year • An average trip to Italy would be £495 more - and £345 extra to go to Spain • But more for
their buck when taking out foreign currency, but flight prices are yet to see a major spike.
And fees could rise even higher if Britain is not part of the EU-US Open Skies agreement when Brexit is finalised on March 29, 2019.
The pound has continued to fall as fractious talks between Britain and the European Union rumble on, albeit in the very early stages.
Relations between the two parties are already straining, with David Davis set to provoke a huge row with Brussels next week by calling a halt to negotiations on the Brexit divorce bill unless the EU provides a legal basis for its hefty demands.
By contrast, Britain's tourism industry is booming as people from overseas look to exploit comparatively cheap prices, and more British families deciding to holiday domestically.
Flights into the UK rose by 80 per cent from 2016, the travel site Expedia reported in May.
Statistics from the Office for National Statistics also showed that more tourists were going to Britain.