British families will have to spend hundreds of pounds more during half-term holidays abroad this year as sterling plummets following the Brexit decision.
The value of sterling – which hit a 168-year low at one point last week – has slumped by 20 per cent against the US dollar and 19 per cent against the euro compared to last October.
It means 300,000 holidaymakers jetting off to soak up some winter sun in the Canary Islands will fork out far more for meals out, day trips and taxi fares than last year.
The weak pound will also hit 150,000 British visitors heading to New York for sightseeing and shopping sprees during the week-long school break from October 24.
Consumer and travel experts last night warned families will feel the pinch abroad for years as the Government negotiates the UK’s departure from the European Union.
It comes as a poll of 1,000 British people by the Money Saving Expert website last night revealed that 40 per cent had changed their plans for a last-minute winter getaway because of the weak pound.
Entrance to the Empire State Building in New York , for example, will now set a family of four back £94 compared to £75 just 12 months ago. Flights and seven nights at a four-star hotel in Times Square will now cost nearly £1,000 per person. Last year, the cost was less than £800.
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