Economic Crisis? Lets Go On Holiday!
News that some of the main holiday companies in the UK are still reporting strong demand for overseas breaks has surprised many. However, it seems that as the going gets tough in the UK, more and more people are looking forward to a break away from it all, a time to enjoy the peace and quiet and relieve the financial pressures back home - at least for a short while.
Even though the average cost of a UK family break has increased by over £400 in the last 12 months this does not seem to have put too many people off their annual holiday. Will this continue or will we see demand start to wane a little?
There is no doubt that unless holiday costs fall to make up for the reduced spending power of the pound there will be a reduction in demand at some stage. Money has never been tighter in the UK, but the very fact that people are still prepared to save up and go without 'luxuries' to fund their holidays says a lot for their determination to catch the sun, sea and benefits of a break away.
We have yet to see a real price war in the holiday sector although if demand does start to fall this would seem an inevitable outcome?
Share this..
Related stories
Leeds building society launches 5.35% five-year fixed-rate mortgage
As competition in the UK mortgage market continues to build, today we saw the introduction of a 5.35% five-year fixed-rate mortgage from the Leeds building society. This particular offer is available on 75% mortgages although there is a higher rate of 5.75% available for those looking to borrow up to 85% of loan to value. So are there any catches?
This appears to be a very interesti...
Why has the UK banking sector been hit so hard?
The very downbeat and depressing assessment of the UK banking sector by credit rating agency Standard & Poor's has cast a very dark cloud over the UK economy. More and more people are wondering exactly how the UK economy appears to have been hit harder than any other around the globe with the UK banking sector still under enormous pressure. It is difficult to understand exactly why the UK banki...
Read MoreThe gap between public and private sector pay continues to widen
In a damning indictment of the ever-growing size of the U.K.'s public sector it has been revealed that on average workers in the public sector are paid £2,000 a year more than their counterparts in the private sector. The average public sector worker now brings in around £23,660 year compared to £21,528 year for those in the private sector. This is the first time that the gap between the two se...
Read MoreCouncil tax set to rise to plug pension fund shortfall
It has been revealed via a Freedom of information request that 83 of the 87 local government pension schemes in operation in the UK were in deficit in 2007. When you consider that the financial situation has changed for the worse since 2007, we can only assume that the deficit problem has worsened over the last two years. So who will pay the price? The Liberal Democrat Shadow Work and Pensions...
Read MoreUK workers set for jobs rally
Thousands of workers in the Midlands are set to protest at the UK government's handling of the economic crisis with a march organised in Birmingham. The area has suffered dramatically during the ongoing recession with one in 10 people in the Midlands now unemployed amid concerns that the UK government has been slow to react to the crisis and less than forthcoming with much new capital investment.<...
Read More