More booking holidays abroad

DEMAND for holidays among UK consumers is growing despite plummeting faith in the economy, according to new research.

Confidence to book overseas trips is at the highest level in three years with the majority of people (54%) planning a holiday abroad in the next 12 months, a study found.

This is despite fewer than one in five (19%) expecting the economy to grow in the coming year, down from 33% in 2016.

Over a third (35%) of people do not expect their finances to improve over the same period, compared with 29% a year ago.