Many readers from the USA will have the UK neatly filed away in their minds as an expensive destination. Two dollars equals a pound right?......wrong! The recent crisis in the financial markets has left the good old pound reeling at $1.50 or, put another way, three dollars equals two pounds.
For people living in Europe, the exchange rate news is even better. At the time of writing the Euro is worth almost a pound (£0.95 this morning), the Swiss franc is now trading at 1.60 to the pound and the Danish Kroner is slightly over 8 to the pound.
The UK VAT rate has been cut from 17.5% to 15% and prices are steadily falling. There has never been a better time to plan a vacation in Great Britain. Book a holiday soon and take advantage of these fantastic exchange rates.
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