Get unlimited access to the latest travel industry news and analysis, comment on articles and sign up to newsletters.
Register for free
Already registered? Login here or below.
Having difficulty logging in? Try these tips, or contact support@flymy.co.uk
While Monday’s headlines are dominated by the Lionesses’ victory at Wembley, there is gloomier news for the UK economy with signs record inflation is slowing spending and predictions of another interest rate rise this week.
There is some cheerier news, though, in that New Zealand – one of the last countries to lift Covid restrictions – is now fully open to tourists.
Here are the key headlines concerning travel on Monday 1 August.
Record inflation slows the economy
Consumers reacting to spiralling prices by cutting spending is expected to grind the UK economy to a halt, new surveys reveal. Private sector firms predict zero growth over the next three months, according to the CBI. Businesses are beginning to feel the effects on finances from households prioritising essential purchases due to budgets gripped by sky-high inflation. (City AM)
Interest rates set to rise again
Bank of England policymakers will be under pressure to step up the pace of monetary tightening when they meet on Thursday. Rates could rise to 1.75%, the sharpest increase in borrowing costs for more than quarter of a century, in order to tackle record inflation. (Financial Times)
Documentary to probe airport chaos
Channel 4’s Dispatches will tonight investigate the situation at the UK’s airports as the summer getaway continues. Airport Chaos Undercover will hear from staff at airports, airlines and tour operators. (The Sun)
New Zealand fully reopens borders
New Zealand’s borders are fully open for the first time since March 2020. Immigration authorities will now begin accepting visitors with visas and those on student visas again. The country’s maritime border has also reopened, with cruise ships now allowed to dock. (BBC News)
