Saga cruises along as over 50s dip into savings

Holidaymakers over the age of 50 have been ignoring the post-brexit drop in the value of the pound by continuing to book trips abroad, sending profits in Saga’s travel division flying by 63pc to £11.9m in the six months to July 31. Lance Batchelor, chief executive, said its customers were dipping into their savings or pension pots to book trips abroad. “This is their time to travel and have fun,” he said.