For England, British Minister Will Simplify COVID-19 Travel Rules
Travel stocks, which had previously risen in anticipation of a rule change, soared even higher.
Later on Friday, the British government will announce steps to increase international travel, assisting airlines and vacation businesses that claim they won't be able to withstand another winter of onerous regulations and red tape. While Europe has eased travel restrictions for the fully vaccinated, costly COVID-19 testing requirements for fully vaccinated arrivals into the United Kingdom remain in place, delaying a travel recovery as the harsher winter season approaches.
"Later today, I'll lay out ways to ease foreign travel in order to save costs, take advantage of higher vaccination levels, and keep us all safe," Transportation Secretary Grant Shapps wrote on Twitter. Shapps is in control of English policy, but Scotland, Wales, and Northern Ireland have their own set of laws.
Travel stocks, which had previously risen in anticipation of a rule change, soared even higher. IAG (ICAG.L), the parent company of British Airways, was up 6%, TUI was up 5%, EasyJet (EZJ.L) was up 3%, Jet2 (JET2.L) was up 6%, and On the Beach (OTB.L) was up 11%. up 3%, Jet2 (JET2.L) 6% higher and On the Beach (OTB.L) up 11%.
Prime Minister Boris Johnson hinted at a change earlier this week, and there have been suggestions that popular tourist destination Turkey may reopen to British visitors. Airlines and travel industries claim that drastic reforms are required, or more than 100,000 jobs will be lost. find out more TUI UK managing director Andrew Flintham told Sky News on Friday that "hundreds of enterprises would not survive this winter unless adjustments are made."
The industry, already on its knees after 18 months of restrictions, is facing a cliff edge as the government's furlough scheme ends later this month with winter approaching, when fewer people travel and businesses tend to make a loss.
COSTLY TEST RULES SCRAPPED
The so-called traffic light system, which grades destinations as green, amber, or red, maybe phased out under Shapps's simplification plan.
By cutting expenses, he could imply that the government will no longer compel fully vaccinated travellers to do a lateral flow test before leaving their destination and a pricey PCR test when they return to the UK, which can add hundreds of pounds to a trip.
According to media reports, instead of red, amber, and green, destinations would be graded low or high risk, and many countries, including Turkey, will be removed from the high-risk red list, which presently comprises 62 destinations. Data shows that Britain's travel recovery is lagging. UK flights were down 39% compared to pre-pandemic levels for the two weeks to early Sept. 6, while France, Spain and Italy were down between 24-28%, according to Eurocontrol.
Quarantine hotels, where people spend 11 nights in a designated facility at a cost of more than 2,000 pounds, are expected to remain in place for arrivals from high-risk countries.