Christmas family break costs £450 more than two years ago

AN average Christmas family getaway to Europe is costing up to £450 more than two years ago amid the fall in the value of sterling, according to a study.

Research by the Labour Party found that sterling has depreciated by over 17% since December 2015, leaving an average festive break for a family more expensive by between £290 and £457.

The extra cost is based on a family of two adults and two children, said Labour.

Shadow chief secretary to the Treasury, Peter Dowd, said: “The fall in the value of sterling is having a material impact on people’s pockets.

“Labour is clear, consumers and businesses deserve clarity over the future direction of UK trading relationships outside the European Union.

“Until the Government comes forward with a plan, jobs, prosperity and investment are at risk.”