Locals in one of Britain's most popular tourist hotspots have warned the second home tax could cause an exodus of yearly visitors which could be disastrous for the local economy.

In April this year, the Isle of Wight became one of a number of local authorities to begin charging 100 per cent council tax premiums on second homes.

The hike means that second home owners on the island will pay between £3,155 and £9,500 a year in tax for their properties.

The council estimated the new levy would raise around £5million to help fund local services.

While some areas of the country such as Devon and Cornwall have urged their residents to 'fight back' against out-of-towners, the Isle of Wight locals have more sympathy with their come-and-go neighbours.