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Almost half of Britons view their holidays as a form of therapy, it has emerged.

Research carried out by Carter Allen Private Bank found that 43 per cent of people used their holidays to "relax and mentally recharge", with 17 per cent of Britons admitting that the "live for" breaks abroad.

Commenting on the findings, Carter Allen managing director Richard Dunn said: "The two-week summer break has become an essential respite for hard working Britons.

"But the rising cost of living and the higher price of fuel for flights means that this summer we may have to pay that little bit more for our much need rest and rehabilitation time."

Mr Dunn recommends that those who are traveling overseas this year save as much money as possible by avoiding unnecessary credit and debit card fees.

Meanwhile, figures from the International Air Transport Association show that world passenger figures were up 3.8 per cent in June, compared to the previous year.

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