Since the UK was set to leave the European Union, there has been a great amount of economic uncertainty in the UK. The pound has fluctuated dramatically and so family spending has been affected. Now that Article 50 has been triggered, we are no closer to knowing any terms associated with Brexit and so the pound is likely to keep rising and falling. The economic uncertainty puts a strain on everyday families living and working in the UK. With a weaker pound, holidays abroad will cost the average UK family a lot more money than normal. This means people are less willing to go abroad. The consequence of this, is more people will be taking their holidays in the UK - the so call "staycation". This is good news for areas like Devon, Cornwall and the Cotswolds because there will be a higher number of UK tourists visiting and spending money on hotels, food and boosting these local economies.

Added: May 2, 2017, 9:37 p.m. Last change: May 2, 2017, 9:37 p.m.
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