Brexit is surrounded in chaotic uncertainly – and the lack of political resolution concerning the UK’s departure from the European Union is driving down package holiday prices by a third, according to experts. Prime Minister Theresa May’s EU divorce deal has been rejected three times and, after applying for an Article 50 extension, she is liaising with leader of the opposition Jeremy Corbyn in an attempt to thrash out a solution. Should this fail, and the extension not be passed on Wednesday, the UK is set to leave the EU without a deal on April 12. Holiday comparison company TravelSupermarket, which has looked at more than 1 million package holiday price enquiries for this summer compared with last summer, has noted a huge drop in price.
After putting seven night departures between 1 May to 30 September under the spotlight, they have deemed they are currently a third less expensive, coming in at 38 per cent cheaper.
Emma Coulthurst, travel commentator for the holiday price comparison site, said: “It is a fact that Brexit is causing summer package holiday prices to Europe to drop.
“Some British holidaymakers say that they don’t want to book until they know the outcome of Brexit, while others say they want to avoid Europe altogether”.
Brexit has previously seen the pound to euro exchange rate plummet, as well as fears over the validity of passports.
The latter was somewhat allayed last week, when the EU confirmed Britons would not need visas to travel to EU countries.
Brexit news: Prices to European beach break destinations have fallen amid
