The pound in a tourist’s pocket
Cheerful news this week for those benefiting from a weak euro and a sterling exchange rate that continues to soar and that reminds us of the good old days early in this Millennium when the pound wasn’t threatening to be reduced in value to parity with the euro.
The local property market in Majorca is attracting interest from British buyers, we learned. Indeed, this interest has been “rising dramatically in the last few months”. For British tourists, the pound in their pocket will make Majorca 15% cheaper, which is “great news”, as our Wednesday front page suggested.
As ever, though, a much more advantageous exchange rate for tourists is only good if UK tourists can actually get to Majorca, so there was some possibly encouraging news for our friends in Scotland with the Scottish Government promising to reduce Air Passenger Duty by a half.
According to the CEO of Edinburgh Airport, “the economic benefit of a reduction will outweigh any lost tax revenues”, and this benefit would be a two-way street (or rather flight path) with more visitors going to Scotland as well as leaving and coming to Majorca.
Seven days
15/03/2015 00:00
Also in News
- Spain wants Britons to show they have 113.40 euros, £97, per day for their holidays
- Big changes on the horizon when Britons travel to Mallorca
- Over two hours for Britons to get through Palma airport queues
- Palma Airport passport control "collapse" put down to unscheduled flights
- Living in a motorhome in Palma: "It'll only get worse"
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