Summer holiday bookings soar

We’re all going on a summer holiday

Bookings for holidays to amber list destinations have surged by 400% according to EasyJet. This follows the government’s announcement that anyone returning from an amber list country from 19th July who is fully vaccinated will no longer be required to quarantine. Mainland Spain, the Canary Islands, Portugal, and Greece are all on the amber list.

TikTok clamps down

TikTok has banned the promotion of all financial services* and products across its platform globally. The social media company said this includes cryptocurrency, investment services and foreign exchange. The decision comes amid concern that young people are taking on too much risk when investing, in part due to misleading information on social media.

Eating out to help out

The UK’s economy grew by 0.8% in May, driven by huge growth in the hospitality sector as lockdown restrictions were eased. It’s the fourth consecutive month of economic growth, however it represents a slowdown from April, and the economy is still 3.1% below pre-pandemic levels.