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Brexit: Already affecting holiday makers and the UK's growth watch

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    Travel firm Low Cost Holidays has gone bust.

    People who'd booked through them are likely to receive a mere £7.78 back. Holiday makers already away will need to pay again for flights and accommodation.

    The firm has blamed the falling value of the pound following the referendum result, and global terrorism. I wonder if any of those affected are enjoying their new found 'freedom'...!

    In other news - the IMF has downgraded the UK's growth forecast and set out the challenges Brexit has caused the UK economy.

    Now the IMF are just experts - and we are all fed up with them. But poor holiday makers eh?!*
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    I can't see how Brexit or terrorism has suddenly made them go belly-up when they have over 20k already abroad and over 100k bookings already made, clearly terrorism hasn't suddenly caused a surge in cancellations (which would likely be nonrefundable anyway) and that's a healthy amount of custom. Also they were offering a 60% off sale for the last few months even up to 24 hrs before they turned around and said they were finished (and 24hrs before were actually using social media to encourage people to book holidays), when they surely must have known they were facing bankruptcy for a while. More like a dodgy company with bankrupt morals IMO.
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    (Original post by joey11223)
    I can't see how Brexit or terrorism has suddenly made them go belly-up when they have over 20k already abroad and over 100k bookings already made, clearly terrorism hasn't suddenly caused a surge in cancellations (which would likely be nonrefundable anyway) and that's a healthy amount of custom. Also they were offering a 60% off sale for the last few months even up to 24 hrs before they turned around and said they were finished (and 24hrs before were actually using social media to encourage people to book holidays), when they surely must have known they were facing bankruptcy for a while. More like a dodgy company with bankrupt morals IMO.
    Shh, much easier to blame Brexit and OP can feel smug and morally superior to the plebs.
 
 
 
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