“The new tariffs aren’t directly targeting travel, but there will be knock-on effects,” Robert said. “The tariffs will put pressure on the pound, and that’s going to make holidays abroad a lot more expensive. If you’re planning a holiday this summer, the best time to book is now.”
The pound is expected to weaken against other major currencies, meaning Brits could get less for their money when spending abroad.
“When the pound drops in value it affects everyone, not just importers,” Robert explained.
He added: “And if you are planning to travel in Europe or the US you will start to feel the pinch when you’re booking hotels, eating out or even shopping overseas.”
Flights are also expected to rise in price as global oil markets react to ongoing economic uncertainty.
“With summer fast approaching, waiting around to book your holiday could see you incur these higher fees that will be passed on to the consumer as airlines will begin to factor oil price increases into their ticket prices,” Robert warned.
Even those hoping to save money by staying in the UK could be hit by higher prices.
“British holiday businesses rely on imported goods, from food to cleaning supplies and everything else in between,” the expert explained.
He added: “When the prices of these items increase it’s likely the costs will be passed on to the customer.”
So what should people do?
Robert says there’s one clear step Brits should take now to avoid paying more later.
“Lock in your pricing to avoid last-minute costs,” he advised. “You need to be proactive because if you wait too long you will need to budget for a different holiday rather than the one you had planned.”
He added: “Tariffs are a tax on trade and those costs get passed down to you and me.
“The price increases often are gradual too so by the time most people notice it’s too late and the deal you were looking for no longer exists. By booking now, you are saving yourself or your family hundreds of pounds.”
