UK purchasing power is 13% lower than in August 2015, prior to Brexit vote.
The overseas purchasing power of British wages has increased since last year, but there’s still a long way to go before we can return to pre-Brexit-vote or pre-global financial crisis levels. Explore our projections: https://t.co/dnXqXKzkbk #BOPP pic.twitter.com/aSMFw1Xhui
— PwC UK (@PwC_UK) May 29, 2018
PwC’s projections for the summer of 2018 show that British wages could buy 6% more overseas in August 2018 than last August. Holidaymakers could be able to buy 9% more in the US, 5% more in the euro area. This will however be 13% less than in August 2015 (prior to Brexit vote), and 18% less than in 2007 before the global financial crisis.
Source: PwC
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