Before the Referendum, Asda Money carried out a survey which showed that on average British families spend £1310 on their summer holidays, including spending money.
At the same time David Cameron was warning that a vote for Brexit could add £230 to that cost. He predicted that the pound could fall by 12%. Predictably, Leave campaigners claimed he was scaremongering.
Both were wrong. The cost of a family holiday has increased since June by almost £300, as a result of the pound falling by 16% against the dollar and by 23% against the euro.
Tim Farron has this to say:
For some families, this will make a holiday abroad unaffordable this year. This problem is not helped by the failure of Theresa May to say whether she wants Britain to remain in the Single Market or not.
I call on her to make clear that she thinks Britain should remain part of the world’s most lucrative market and not tie British industry up in endless red tape when it tries to export. Such an announcement will reassure markets. It will also help people who have worked hard all year enjoy a well-earned week or two in the sun.
* Mary Reid is the Monday Editor on Lib Dem Voice.