As the slow economic recovery continues to mean belt tightening for many British holidaymakers, Post Office Travel Money has put together a list which shows that money is likely to go further in Spain. Researchers compiled a list of 14 top holiday destinations and then worked out how much it would cost to buy 10 common holiday items in those places.

The items include sun cream, beer and cigarettes and the total bill for all 10 in Spain came to £42.15. The most expensive destination was Miami in Florida where the receipt added up to £92.81. Those deciding to holiday at home can expect to pay £77.01 if they stay in Brighton. The cost of the goods was 10 per cent dearer in the seaside town than last year.

The second cheapest place on the list to visit was Bulgaria where the cost of the items came to £43.50. Those deciding to travel to Brittany in the north of France can expect to pay almost double this.

Some destinations are now cheaper than they were last year, according to the study. The 10 items, if purchased in Corfu, are now 10 per cent less expensive at £58.87. The price in Turkey has dropped by 13 per cent to £79.58 and in Egypt the items will cost £78.30, a drop of 12per cent on last year.

Sarah Munro, head of Post Office Travel Money, said it was encouraging to see prices in some parts of the Mediterranean falling after they went up steeply last year.