The Fixer: Brexit holiday concerns

Updated

Have you been left out of pocket due to poor service or sharp practice? Do you have a money problem that won't go away?

It can seem impossible to get a fair result when you are battling a financial issue alone. But never fear! The AOL Money Fixer is here to help.

Dear Fixer,
I took my family on holiday to Portugal at Easter and we really loved the hotel we stayed in.

I would like to book the same hotel for the same time next year, but I am worried about what will happen if Brexit happens on June 23.

What will it mean for Britons holidaying abroad if we leave the European Union (EU)? Should I book now, or wait and see what happens?

G Chapman, Stroud

Dear Mr Chapman,

If we vote to leave the EU later this month, you will still be able to take your family to Portugal, but you may well need more pounds to cover the cost.

Prime Minister David Cameron claims that a UK exit will push the cost of a typical family holiday to the EU up by £230.

Why? One issue is that the pound is expected to fall in value due to the uncertainty of Britain's future should we vote out.

The value of the euro may also drop, but most experts are predicting that the pound will fall further should Brexit take place, while flights could well become more expensive too.

Finally, tour operators who employ young British staff prepared to work for low wages in return for being housed, fed and able to live by the beach, may find themselves forced to employ locals at much higher rates - thereby raising the cost of their holidays.

If you think the UK is more likely to leave the EU, it may therefore make sense to book your 2017 holiday now.

The Fixer

Whatever your financial problem, write to themoneyfixer@aim.com and The AOL Money Fixer will get on the case.

Brexit: Will Britain Exit The Euro?
Brexit: Will Britain Exit The Euro?

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