UK tourism promised $53 million post-Brexit boost

UK tourism promised $53 million post-Brexit boost
For illustrative purposes only (Getty Images)
Published: 28 August 2016 - 3:01 a.m.
By: Penelope Walsh

Due to the devaluation of the pound, following the Brexit vote, to its lowest value since 1985, the UK tourism industry has been promised a US $52.54 million (£40 million) fund to keep it afloat, according to ETN.

In a statement on Friday August 26, the UK Prime Minster Theresa May said: "Towns and cities from across England will benefit from a £40 million fund to deliver new tourism outside London and ease travel around Britain, helping visitors from abroad as well as Brits holidaying at home to explore the wealth of tourism opportunities across the country."

Two thirds of visitors to the UK are from countries in the EU, and as a result, some believe the weaker pound could benefit Britain’s tourism industry.

 

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