In the general atmosphere of fear, there is one sector of the British economy that has welcomed Brexit like a godsend. It's about the , which in July, according to industry players, recorded a 18% surge every year.
The credit goes to devaluation of the pound, which has made holidays in the UK much cheaper for foreign tourists. Not only that: the collapse of the British currency has also encouraged incoming travelers to spend, to the point that retail sales - according to data released by the Ons, the British National Statistics Office - grew by 1,4% , after -0,9% in June, clearly exceeding analysts' forecasts, which did not go beyond +0,1%.
Businesses, however, remain cautious. "Despite the increase in bookings - comments Travelmole Kurt Janson, director of the Tourism Alliance, a British body that brings together over 500 companies in the sector - 28% of the companies we interviewed confessed that they still keep decisions on future investments on standby , awaiting the concrete moves of the Government after the referendum. There is still uncertainty about the future".
Indeed, in the medium to long term, Brexit could also affect tourism, especially if the negotiations that will open in the coming months between London and Brussels conclude with an agreement that will make it more difficult for EU citizens to move freely on British soil. 70% of the tourists who visit the United Kingdom every year come from the EU.
