The Transport Secretary, Grant Shapps, has announced that quarantine periods may be lifted in favour of daily testing, reports show. The travel sector has suffered this year, as flights were grounded in the wake of the pandemic and quarantine restrictions made travel unappealing to many travellers. Now, however, there are strong hopes that the sector will recover soon. Three new vaccines from Moderna, Pfizer and AstraZeneca all show at least 90% efficacy, and now Shapps’ announcement provides the expectation that the travel industry will be moving once again come the new year – perhaps even in time for a winter ski trip.
For those looking to travel, now might be a good time to start buying travel money, before the market becomes saturated once again and exchange rates weaken. The end of the pandemic seems near, and hopeful holidaymakers should take advantage of this situation as soon as possible, before there is a mad rush to secure foreign currencies in the new year.
Brand new, nationally representative research, commissioned by travel cash provider, Bidwedge, across 2,083 UK adults found that over half of Brits are still planning to use cash over cards on their trip abroad, despite retailers in the UK pushing for card payments to be made where possible during the pandemic.
- 55% of Brits, when they go on holiday, will still be utilising cash as their main method of payment – 17,780,000
- 32% of Brits still rely on cash for essential shopping and goods – 15,570,000
- 60% of Brits still try to have some cash on their person as it makes them feel more financially secure – 28,820,000
- 13% of Brits say that it is essential to their livelihood and income to be paid in cash – 5,476,000
Shon Alam, CEO of Bidwedge, commented on the findings:
“Despite all the calls from people to use cards, cash is still incredibly important to millions of Brits across the country. Communities rely on cash and for businesses, it is cheaper for them to process cash rather than card payments, so it actually can help thousands of firms that are struggling right now.
There are measures that we can all take to use cash safely during the pandemic. Most phone and tablet wipes will disinfect our new plastic notes quickly and, following guidance from the World Health Organisation, remember to wash your hands after handling physical money and don’t touch your face. Many cash dispensers are disinfecting money before it comes out of the wall, so try and find cash point that is doing this and try and pay as close to the total sum to avoid receiving too much change and passing on unnecessary coins.”