UK’s post-Brexit vote tourism boom fades

Tourism has been a winner from the 2016 Brexit vote which pushed down the value of the pound, making Britain a more attractive holiday destination for foreign tourists and encouraging British holidaymakers to stay at home.The number of overseas visitors to Britain rose by 2.7 percent year-on-year in the third quarter of 2017, the weakest increase in a year and following an 8.9 percent rise in the second quarter, the Office for National Statistics (ONS) said.

Nonetheless, the continued growth in tourism was a factor behind Britain’s faster economic growth in the third quarter, said economist Howard Archer from EY ITEM Club consultancy.Thursday’s figures also showed the number of Britons travelling abroad fell by 0.4 percent year-on-year during the third quarter, the first drop …