£1.47 billion spent by Brits abroad over the summer holiday season

Barclays estimate that, over the course of the six week summer holiday period, British holidaymakers will spend a total of £1.47 billion whilst they are abroad (via debit cards and cash withdrawals).  However, Barclays say that this figure is broadly the same as that for summer 2010, and suggest that this shows that consumer confidence has not totally bounced back since the end of the recession.  Spain, France and the USA are the favourite holiday destinations for Britons, and are expected to account for around two-fifths of all overseas debit card spending.

 

Source:  Credit Action – August 2011 edition

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