Travel stocks hit following the news
The £5,000 fine is expected to be introduced for British people traveling abroad by the end of June.
The government is still considering the possibility of international travel in April ahead of the possible return in May, but Health Minister Matt Hancock said that if travel cannot be resumed, travel fines will be the law He said it was part of it.
The news hit a travel industry stock with British Airways owner IAG, down 4.26% in early morning trading and InterContinental Hotels Group.
According to Matt Hancock, foreign holidays are currently prohibited by the UK government as “the earliest date to allow international travel.” “That hasn’t changed,” he added.
According to Hancock, there are still questions about whether people can travel abroad without specific reasons such as work or education will still be addressed by government travel reviews.
– Advertising –
However, with the coronavirus cases rising in Europe, both the travel industry and the consumer fear the worst, and the vaccine rollout looks as if it could stall.
The airline is currently facing a second summer outlook with no revenues and is already taking steps to raise money to survive for the first time.
Hancock reaffirmed that it was too early to give an answer as to what the government’s decision on holidays would be.
“The reason is that this third wave is rising in some parts of Europe and we are also seeing new variants. It is very important to protect the progress that could be made in the UK. ” he said.
