Worried about Brexit and what it could mean to your family holidays in Spain? Whilst the UK currently sits in limbo with the Prime Minister attempting to round up her supporters to push through the current Brexit deal in place, Gran Isla provides you with a quick rundown on what could happen and how you can protect you and your family from losing out on your holidays in 2019 with our smart Pay Now Flexible rates.
When is Brexit?
According to the current Brexit agreement proposed by Theresa May and signed off by the European Union, the United Kingdom is set to leave the EU on Friday 29th March 2019. On this day, we will enter a transition period in which further negotiating will take place. As it currently stands, the transition period is due to finish on 31st December 2020, meaning the UK will be independent by 2021, however if the negotiations draw out there is potential that the transition could be extended.
How will it affect me and my family from travelling abroad?
The Freedom of Movement agreement is set to end at the same time as the transition period. We do not know as of yet what will happen in 2021 in this regard, however between March 2019 and December 2020, holidaymakers will be able to travel to Spain and other EU countries just as before. It has also been highlighted in May’s current deal that UK citizens will still be able to live and work in Spain if they already reside there.
How will my holidays in Spain be affected?
During the transition period, the UK will still continue to follow all rules set by the European Union, and in return all rights will remain the same until 2021. Meaning European Law will still apply, taking goods through customs as well as buying the standard cigarettes and alcohol in duty-free will continue in the same manner and UK residents will still be able to use the EHIC (European Health Insurance Card) in this time, in case any medical emergency arises during your holiday. The current Brexit deal suggests that from 2021, importing and exporting within the EU won’t be affected and that a deal will be thrashed out regarding the medical rights of Brits abroad.
What will happen to Pound/Euro exchange rate?
At the moment it looks slightly ominous for the pound. In the 48 hours following the announcement of the Prime Minister’s deal, the Pound to Euro exchange rate dropped from 1.15 to 1.12. Whilst it has since stabilised around this mark, this trend looks likely to continue with the Pound weakening against the Euro. This is due to the concept that the UK seems set to be financially worse off in the short term with the current agreement in place which favours the European Union during the transition. However, it must be said that nothing is yet set in stone and exchange rates have a tendency to be unpredictable.
How can Gran Isla help?
Here at Gran Isla Hotels, we want to help protect your holidays in 2019 from being affected by Brexit. For this reason we have introduced our protection plan known as the Pay Now Flexible rate. Here’s exactly how it works:
Due to possible fluctuations in the Pound to Euro exchange rate, when you book your holiday with the Pay Now Flexible rate, it works out so that you win financially whatever the outcome!
Outcome 1) Book your holidays today and if the Pound weakens then you have already paid so there is no need to be concerned.
Outcome 2) If the Pound strengthens, you can cancel your reservation free of charge and book again at a cheaper rate.
Outcome 3) If it all goes terribly wrong or you cannot travel for any other reason, you will be able to get a refund if you cancel your holiday 30 days before arrival.
So the imminent exit from the European Union is not all doom and gloom. Although we are all still not completely sure what the final outcome of Brexit will be, we do know that until 2021 your holidays to Majorca won’t actually be affected significantly. And don’t forget that Gran Isla are also around to ensure that you are even better off when booking your next trip with the family. The Pay Now Flexible rate is truly the most sensible way to book your holidays in 2019 to Palma Nova and Santa Ponsa with the best prices online guaranteed at the official Gran Isla website.
Protect your holidays from Brexit with Gran Isla Hotels.