HL Deb 13 December 2004 vol 667 c61WA
Lord Harrison

asked Her Majesty's Government:

How much has been lost in potential income to the United Kingdom tourism and leisure industry, and hence in tax revenue, as a result of inbound tourists from euro-zone countries reducing their spending to compensate for financial loss in exchanging euros into sterling; and whether this loss of revenue would be recovered in full if the United Kingdom joined the euro. [HL224]

The Parliamentary Under-Secretary of State, Department for Culture, Media and Sport (Lord McIntosh of Haringey)

The latest figures published by the ONS reveal that real earnings from EU tourists have grown on average by approximately 5 per cent per annum over the past three years.