Brexit adds £200 to cost of summer holiday

Britain's vote to leave the EU will add an extra £200 to the average cost of a summer holiday, a price comparison website has calculated.

According to Travel Supermarket, the average Briton expects to spend £513 per person during his or her summer break this year, or more than £2,050 for a family of four.

However, with the pound down ten per cent against the euro following last month's EU referendum, that family will get the equivalent of £200 less, reports the London Evening Standard.

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From a high of around €1.30 before 23 June to €1.17 now, the spending money would buy €265 fewer euros, or around £205 at the original rate of exchange.

The situation is even worse for those travelling to US. From a high of $1.49 against the dollar, the pound has slipped to $1.29, a 13 per cent fall that would cost around $400, or almost £270.

Separate analysis from travel money firm FairFX, derived from data provided by cost of living website Numbeo and Lonely Planet, suggests the extra "Brexit bill" could be as much as £394.58 for a family of four.

"People might be tempted to send a postcard to Nigel Farage saying, 'Thank you for whacking up the cost of our summer holidays,'" said former consumer minister Gareth Thomas.