As the remainder of the summer is expected to be a washout, new research from Halifax claims that 72 percent of Britons are planning to use their savings for this year’s summer holiday.

The figures vary depending on where in the country, as almost 90 percent in Walesare planning to use their savings, whilst a further 27 percent plan on using their credit card to fund their holiday.

Most savers have opted to put a little money away each month to pay for their holiday, with a third adding lump sums whenever possible.

Just under half of those surveyed are likely to spend between £200 and £500 per person on their summer holiday, 28% percent planning to spend between £500 and £1000, whilst 15 percent plan to spend over £1000 per person.

The figures show that a quarter of residents in the north west of the country plan to spend less than £200 per person, whilst a quarter in the north plan to spend over £1,000, with just under 50 percent of all Brit’s saying that they intend to reduce their travel spend this year.