Brexit decisions, including the ban on EU citizens using identity cards for UK travel, have decreased tourism spending compared to pre-Covid, pre-Brexit numbers. VisitBritain forecasts a potential further declin
Because tourism demand represents individuals' choice between leisure and work, a persistence of negative shocks, such as Brexit uncertainty, can be detrimental to the growth of tourism via its impact on agents' utility function of a directed consumption of leisure for a specific country. This ...
While the fall in the value of the pound after the Brexit vote helped exporters, the higher price of imports was passed onto consumers and had a significant impact on the annualinflationrate. Consumer Prices Index (CPI) inflation hit 3.1% in the 12 months leading up to November 2017, a ne...
The UK has recorded its biggest-ever month for tourist visits, with 3.8 million international visitors in July. This dynamic is expected to continue in the upcoming months, especially due to the consequences of the Brexit on the purchasing power of forei
The latest news, award-winning analysis, and in-depth features on the UK's exit from the European Union
The latest news, award-winning analysis, and in-depth features on the UK's exit from the European Union
In addition to the UK failing to hang on to everything it had while a member of the EU, the country has failed to attract new financial activity from other parts of the world, according to the FT, which was something supporters of Brexit had promised. ...
There are definitely different layers of short and long-term impact that we expect to see. “The immediate impact will be uncertainty for UK travelers. Then, if there’s an impact on currency values, that’ll make it immediately more attractive to countries with stronger currency. “If ...
Related article25 of the best places to visit in the UK “No-deal could have a huge impact on tour operators,” he says. “It is that knock-on effect that is potentially very damaging; it will put people off booking short weekend breaks, or making confirmed bookings. It might seem inco...
The latest news, award-winning analysis, and in-depth features on the UK's exit from the European Union