Travel Money Guide

With Borris Johnson, the new Prime Minister, insisting that the UK will leave on October 31st, one question comes to mind – how will it affect your dream vacation? If you’re one of the few with concerns about how Brexit could affect your holiday, worry no more. Even if the UK leaves with no deal, the EU has made it known that the airports will still be open for UK travellers for 1 year. This is fulfilling their own part of the ‘no deal’ contingency plan after Brexit. More so, the EU has also agreed that UK travellers will still enjoy visa-free travel, on the condition that the UK reciprocates accordingly. However, you just need to wait to see as the event unfolds.

So if you’re planning your next holiday to Europe, you have nothing to worry about. There are many ways to ensure your holiday go just as planned. Just as with every other trip, you need to take precautions, plan accordingly, and follow useful tips on how to save money while travelling, especially if you’re on a budget.

Travel Conditions after Brexit

Beginning from 2021, UK travellers new travel document known as the European Travel Information and Authorisation Scheme (ETIAS), to be eligible to visit any European country. As noted, this won’t have any effect on your travel plans as of yet, so you can still roam around Europe hassle-free.

If the UK leaves the EU with no deal, then you should make sure your passport is not more than ten years old, and at least 6 months before it expires. Failing to meet any of these criteria will hamper your trip.

Effect of Brexit on Holiday Prices

When it comes to the impact of Brexit on holiday prices, there are quite a number of things to put in mind.

Currency Costs

It is important to get your travel cash ready before you travel, no matter the destination. The pound may likely weaken even further after Brexit, translating to more expensive holidays. Keep in mind that a trip that usually cost around GBP 700 before the referendum will now cost around GBP 800. If you can’t afford that then it’s recommended that you review your itinerary and cut back on less important activities.

However, the good news is that not all the countries in the EU use the Euro. So you can opt to travel to other countries for which the British Pound has much greater value.

Flight Costs

A weak pound will definitely result in a high cost of flight ticket. So be prepared and book your trip ahead of time to save more.

Cost of Travel Documents

Chances are you may need additional paperwork like the new European Travel Information and Authorisation Scheme to be eligible to travel to other European countries. Keep in mind that the new paperwork will not take effect until 2021. Also, you’ll need to get an International Driving Permit to drive in Europe

If you love exploring the globe, don’t let Brexit and other political sagas put you off. In fact, millions of holidaymakers have their holidays planned after Brexit.  So start booking as well.


Jason is the founder of Compare Travel Cash, and has worked in the financial industry for the majority of his career.