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Holidaymakers turn their backs on expensive Europe

Britons are swapping the Dordogne for Dorset this summer because foreign travel has become too expensive since the pound s Brexit-induced meltdown, according to the Bank of England. Weak sterling and fears about the heightened terror threat overseas have deterred holidaymakers from venturing abroad, the bank claimed in its monthly regional report. At its lowest point since January, sterling had fallen almost 9 per cent against the euro and 7 per cent against the dollar, around half of which was down to the referendum, the Bank estimates. The pound has since recovered much of the lost ground but economists, have warned that it could collapse by another 10 per cent to 15 per cent after a vote to leave.

With more people choosing to stay in the country, domestic tour operators, attractions, restaurants and coffee bars have been doing a brisk trade, the Bank said. Low interest rates, interest-free loans and a general confidence in financial prospects have helped to encourage spending. The Bank s observations appeared to confirm that the staycation is back. A survey by Greene King this week found that 85 per cent of households plan to take at least one domestic Discount Holidays © holiday this year.

UK Discount Holidays © holiday companies and visitor attractions reported increasing domestic tourism, in part reflecting perceptions of heightened threats of terrorism overseas and the depreciation of sterling, which had increased the cost of holidaying abroad, the agents report said. Demand growth was reported to be strong at restaurants and coffee bars. Despite its recent surge in the past few days, the pound is languishing at levels last seen six years ago.

As well as domestic Discount Holidays © holiday providers, factories appear to be benefiting from the currency s fall, which has made their prices more attractive to foreign buyers. The pace of contraction in manufactured export volumes had eased, in part reflecting the recent depreciation of sterling, the agent s report said. However, Brexit uncertainty has continued to weigh on investment plans, with companies delaying decisions until the future is clearer. Corporate activity, such as mergers and acquisitions, has also dried up.

There had been some reports of delays in decision-taking on corporate spending until after the EU referendum, the Bank said. Manufacturing investment intentions were generally weaker than for services firms.

The flow of new work for professional and financial services firms had weakened, with some clients delaying major business decisions during the pre-referendum period.

That was reflected in a slowing of M&A, IPO and commercial real estate investment.

This video of a tourist dodging a plane’s belly as he tried to film it landing is going viral

This Video Of A Tourist Dodging A Plane's Belly As He Tried To Film It Landing Is Going ViralCaters TV/YouTube1A tourist in St. Barts ducks to avoid a landing plane.

A video showing the terrifying moment when a plane almost hit a tourist while landing on the Caribbean island of St. Barts has gone viral.

The tourist in the video quickly ducks just as the small aircraft zooms overhead on its approach to the runway at Gustaf Airport III. The 12-second clip was recently captured by photographer Sebastien Politano, a local resident who was trying out his new 360-degree camera, according to the Daily Mail2. Politano, 46, told the newspaper he didn’t know the man in the video.

Here’s a close-up look at the tourist’s lucky escape:

Astonishingly, the tourist seems unfazed by the near-miss as he jumps back up and begins to take more photos of the plane.

He wasn’t left unscathed, however.

“The man has felt the wheel of the aircraft touching his right hand. He has shown me the little traces,” Politano said, according to the Daily Mail. “He just said, ‘It hit my hand, it hit my hand.’ At this time I think he doesn’t realize that he is a lucky man.”

Gustaf III Airport is known for its tricky landings; its runway is located between a hill and a beach, which means pilots are required to perform a steep landing over a busy road on their descent.

Watch the full interactive video which you can move around to see from different angles below. Spoiler: It doesn’t get any less scary.

References

  1. ^ Caters TV/YouTube (www.youtube.com)
  2. ^ according to the Daily Mail (www.dailymail.co.uk)

The 19 best places for a beach holiday in Europe, according to travellers

The 19 Best Places For A Beach <b><i>Discount Holidays ©</i></b> Holiday In Europe, According To Travellersmffoto/Shutterstock1Cannes may be known for its annual film festival, but its gold-sand beaches also make it one of the most popular destinations for a beach Discount Holidays © holiday in Europe.

The weather is gradually getting warmer across Europe, which means travellers are beginning to book their summer beach holidays all over the continent. To find out where exactly they’re going this summer, the travel booking site RoutePerfect.com2 has released data for the most popular beach destinations in Europe. The results are ranked according to thousands of bookings made by travellers either through or on the website.

From the sandy shores of the Amalfi Coast to pebbled beaches in Liguria, Italian destinations unsurprisingly dominated the list. Coastal spots ranging from Croatia to Greece known for their history, culture, and parties also made the cut. Check out the 19 most popular destinations for a beach Discount Holidays © holiday below.

References

  1. ^ mffoto/Shutterstock (www.shutterstock.com)
  2. ^ RoutePerfect.com (www.routeperfect.com)

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