Britons cancelling their holidays around the country as of rising petrol prices
Britons cancelling their hol...
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Britons cancelling their holidays around the country as of rising petrol prices

31 July 2022
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Britons cancelling their holidays around the country as of rising petrol prices

Refusing to go on holiday

Britons going on holiday are giving up travelling around the country because of the rising price of car fuel and other goods and services. The Sun on Sunday published a poll published by The Sun on Sunday newspaper.

10% of its participants said they had had to reconsider plans to holiday elsewhere in the kingdom because of record inflation rates, while a further 7% admitted they had cancelled long-distance trips to elderly relatives. 12% of respondents said they no longer commute to work by car. Among those aged 18 to 24 the figure was as high as 20%.

10% of respondents aged 34 and under said they had decided to sell their cars. Many of the respondents with children told the publication that they had stopped taking them to school by car.

Against the backdrop of the global energy crisis, the average price of a litre of petrol at UK petrol stations hit a record £1.91 in early July and remains around that level.

The average price of diesel came close to £2 a litre on July 1 and was down about 1% by the end of the month.

It is worth noting that UK end-user motor fuel prices have risen by a third since the beginning of the year, and compared to the beginning of 2021, the increase in fuel costs is 65%.

Rising fuel and energy prices are pushing up the country's inflation rate, forcing people to save more and more. At the end of June, inflation in the UK rose to an annual rate of 9.4%, the highest in 40 years.

According to the Bank of England's latest estimates, the country's inflation rate could exceed 11% in the autumn.

In March, the Centre for Economic and Business Research in London issued a report warning that the UK was at risk of facing the biggest fall in living standards since the 1950s.

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