Tourists

The first three months of 2017 saw a surge in the number of tourists visiting the UK, according to the Office for National Statistics. The rise in visits – almost 10% higher than in 2016 – has been attributed to the weakness of sterling. A weaker pound makes it cheaper for foreigners visiting the UK and more expensive for Brits heading overseas. Sterling fell sharply following last year’s referendum on membership of the EU, and while it has recovered slightly, it still sits almost 12% lower than its pre-referendum high. The UK’s 8.3 million visitors in the three months injected £4.4bn into the economy.