It doesn't seem like I've been back in the UK that long. Well it was November when I went to Malapascua and now I've booked to go back again for 3 weeks this November but this time with my wife and daughter.
It amazes me that the flights are £100 cheaper than they were 5 years ago.
If I remember rightly the prices were

November 2004 £605 Cathay Pacific
February 2005 £615 Cathay Pacific
November 2006 £475 (I think) Qatar Airways
November 2008 £595 Qatar Airways

and this time it's...
November 2009 £507 Cathay Pacific

With all the fuel price variations, green taxes, pundits saying foreign holidays are too expensive now so people are sticking to UK holidays that prices wouldn't be that cheap.

Obviously the exchange rate is against us and my trip last year cost everyone 20% extra than we originally budgetted for but it's still fairly cheap to stay in the Phils and I for one will keep on going.