- Sterling has plummeted by 13 per cent since the vote to leave the EU last June
- Experts predict that the pound could be worth the same as the Euro by next year
- An average trip to Italy would be £495 more – and £345 extra to go to Spain
- But more foreign visitors are coming into Britain as our tourism trade booms
European getaways could cost families hundreds of pounds more if the UK currency fails to recover from its post-Brexit slump.
If Sterling continues its current downward trend, having fallen by 13 per cent in just over a year, it could be worth less than the Euro by next year and will force holiday prices up further.
A Euro equates to 92p on current exchange rates, and if this levelled out to the point where they were worth exactly the same, an average trip to Italy would cost £495 more, while a typical trip to Spain would be £345 extra.
Beachgoers enjoy themselves on the Costa del Sol in Spain, but it could soon cost an extra £345 to go there
The increase is likely to be even greater for popular countries further afield in the European Union, such as Greece and Croatia.
Britons travelling abroad have already seen far less bang for their buck when taking out foreign currency, but flight prices are yet to see a major spike.
And fees could rise even higher if Britain is not part of the EU-US Open Skies agreement when Brexit is finalised on March 29, 2019.
The pound has continued to fall as fractious talks between Britain and the European Union rumble on, albeit in the very early stages.
Relations between the two parties are already straining, with David Davis set to provoke a huge row with Brussels next week by calling a halt to negotiations on the Brexit divorce bill unless the EU provides a legal basis for its hefty demands.
Stirring things up: David Davis (pictured) will provoke a huge row with Brussels next week by calling a halt to talks on the Brexit divorce bill unless the EU provides a legal basis for demands
By contrast, Britain’s tourism industry is booming as people from overseas look to exploit comparatively cheap prices, and more British families deciding to holiday domestically.
Flights into the UK rose by 80 per cent from 2016, the travel site Expedia reported in May.
Statistics from the Office for National Statistics also showed that more tourists were coming to Britain.