Economic news

UK tourism industry is on the upswing as pound drops

Tourism has been doing greatly as of late, much better than most of the other sectors of UK economy, and Brexit had a role to play.

As pound fell following the referendum, the UK became a much more affordable place to visit than before. Lots of people from around the world use that to their advantage. One could get that being around Buckingham Palace or close to the Westminster Palace, where a variety of languages are in the air creating a multicultural mix.

UK visitors coming from remote places expressed ideas that it’s less expensive than a few years back, or that the UK is on a par with France when it comes to expenses, one of them saying that pound exchange rate made him happy.

Over 60% of foreign tourists arriving to see London's landmarks, beaches of Cornwall or Edinburgh’s main thoroughfare are people from the countries of the European Union.

VisitBritain travel agency anticipates that the number of foreign guests will jump 6% this year, and a big flow of those tourists is expected from France.

Patricia Yates, the agency’s director, points out that the exchange rate is playing into their hands and it might be conducive to people more willing to travel to the UK.

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    so, it seems Brexit has good impact on UK economy too

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