Triple blow
The UK’s tourist industry expects that the terrorist atrocities in the US will cost it £1 billion in the final quarter this year. This latest blow will have a deeper effect than even the foot&mouth crisis earlier in the year and the economic slowdown. Figures released by the Office for National Statistics show that the number of overseas visitors to the UK fell 6% to 16.4 million between January and August. The amount of money spent dropped 10% to £7.8 billion during the first eight months.
Already a war of beliefs is raging in the City of London as to the effects of the economic slowdown on alcohol consumption. While many argue that the pub trade is recession-proof, dissident voices can be heard too that UK-based brewers may not be the safe haven investors are looking.0%, wine by 8..
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