Holidays abroad are back … but would you book one? This is a money podcast on what’s next and how to protect your booking
The holidays abroad are back … or are they? The much-lauded green list turned out to be a kind of wet squib, with Portugal being the UK’s only popular vacation destination.
There was no place in the list of favorite British travel destinations for Greece, France, Spain, Italy, the US or any other regular star.
Some were rushing to book trips to Portugal, but travel giant Tui reported this week that vacationers are canceling and delaying bookings and rival On The Beach was scrapping all summer vacation departures before the end of August.
Concerns about Covid variants and concerns about countries being quickly removed from the green list to travel are likely to deter many from booking, but many vaccinated Brits still have a great desire to enjoy one of their beloved international trips.
So will there be a deluge of bookings, a last-minute wait and a race to snag the few remaining places to stay over the summer vacation?
In this week’s podcast, Georgie Frost, Simon Lambert, and Grace Gausden examine the state of affairs for the travel industry and vacationers – and how you can protect your hard-earned cash when you book.
Grace emphasizes the need to do just that and explains why Teletext Holidays is under fire because some customers have still not refunded last year’s canceled trips.
Vacationers flock to the Algarve for sun, sea and sand, but will that happen this year or will many people not trust the green list?
Also on this week’s show, Simon goes through his anecdotal theory of inflation and why trying to buy bikes or patio furniture, find a builder, or fill up a car tells a very different story than the official 1 percent inflation rate. He also explains why concerns about higher inflation are shaking markets.
Finally, we all know how mum and dad’s bank has to fund many of their children when it comes to buying a home. But what if you need to help your parents buy a property? A reader asked if there was a possible tax trap – the team explains the answer.
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