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Which sector is next in the great UK collapse?

Over the last few months we have seen a significant fall in the banking sector, increased pressure on car manufacturers as well as blood on the UK high street. These sectors are struggling to make ends meet and aside from the banking sector, there has been little in the way of direct government assistance for even some of the largest UK businesses. But which sectors could be next to succumb to the pressure?

The UK holiday market is one area which analysts are keeping a very close eye upon as the recent fall in the UK exchange rate has made overseas holiday destinations less competitive and less attractive to UK travellers. There is speculation that we could see yet more companies hit financial trouble over the next 12 months as competition increases and only those with deep pockets are able to see it all the way through.

January and the early part of 2009 are vital times for the UK holiday sector where bargains galore are used to tempt in travellers for later in the year. It will be interesting to see how the figures for January and early 2009 compare to last year and how the market reacts to a sector which is prone to rumour and counter rumour.

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