Update: Brexit and the Travel Industry

Brexit uncertainty continues although all indications from the new Prime Minister, Boris Johnson, are that Britain is likely to leave the European Union by 31 October 2019, irrespective of any agreement. This has put pressure on sterling which has fallen to 1.21 against the US Dollar (down from 1.4893 on 23 June 2016) and 1.0966 against the Euro (down from 1.3091 on Referendum Day). The pound is likely to fall further in the absence of any deal with the EU.

On 30 July 2019 the House of Commons Library updated their Research Briefings on EU Preparations for a No Deal Brexit: https://bit.ly/2XL6sS7

In their press release of 25 March 2019, the European Commission confirmed that measures are in place to ensure basic air connectivity and safety to avoid the full interruption of air traffic between the EU and the UK in the event of  a No Deal Brexit. That said, passengers should expect some disruption and delays at borders.

EU: https://bit.ly/2Ub7mVv

The Department of Transport has also published information about air services in  case of No Deal on Brexit:

UK: https://bit.ly/2HsNxlX

If a transition agreement appears to be on the cards the pound is likely to strengthen. In the event of Britain crashing out without agreement, we can expect a  further fall in sterling.  Sadly, this will lead to further increases in the costs of holidays.

 

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enquiries@revealedtravel.co.uk

 

Updated, 30 July 2019