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

The Malta Business Weekly - - FRONT PAGE -

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.

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