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Published on Friday, August 16, 2019

Brexit concerns mean one in 10 Brits sacrifice overseas holidays

One in 10 Brits have missed out on an overseas holiday because of Brexit uncertainties.

Research from KPMG UK found 30% of the UK public have changed their spending as a result of Brexit concerns.

Parents with young children are the most affected, with 15% saying they have sacrificed an overseas holiday.

"These figures bring to light just how much Brexit has impacted people's everyday lives," said Linda Ellett, UK head of consumer markets at KPMG UK.

"We can see this in the way that people are delaying significant purchases such as new cars or foreign holidays. When looking at travel and holidays in particular, fears around flight paths and border controls are clearly playing out in people's actions, and of course the fall in the value of sterling won't have done much to entice people overseas either.

"For these consumer businesses, the focus has to be on remaining agile so as to ride this wave of uncertainty. Those that can achieve this may even benefit from pent up demand when clarity finally does return to both businesses and consumers."

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