With Portugal on the verge of a massive bailout, will we be paying more for our holidays there? The answer in the short term is ‘No’. While Portuguese austerity tax measures will squeeze ex-pats who are living in the country, tourists will notice very little change, as, in spite of the 80 billion euro bailout, the currency has remained strong against the pound. At present, the caretaker government of Jose Socrates has no measures planned (such as rises in taxes on food or hotels) that will directly affect visitors to the country.
