Skip to main content

Travel industry is ‘fast running out of cash’, warns agent

Government
Rob Gill
1 July 2021

An independent agent has warned the travel industry is “fast running out of cash”, as businesses have to start paying a proportion of wages for furloughed staff.

Step 1

Jackie Steadman, who owns TravelTime World, told BBC Radio 5 live she was “not looking forward to the end of furlough” as it had been “critical” in enabling the agency to keep staff during the pandemic.

From Thursday (1 July), employers will have to contribute 10% of wages to furloughed staff with this rising to 20% in August and September before the scheme is due to end.

Steadman said her business still had staff on furlough as there was currently “nothing for them to do” if they were brought back into the agency with bookings still impacted by a lack of consumer confidence.