Up to 20% More Spent on Holidays as Part of Revenge Travel 15 April 2021
With international mostly off the cards for the past year, an interesting new travel trend emerges dubbed ‘revenge travel’.
Revenge travel has been coined recently due to the increase of people who haven’t had the opportunity to travel internationally over the past year. Many of us have had to stay inside, and of those precious holidays we did book, many were cancelled due to the pandemic.
In the meantime, lots of people managed to save up money and started to plan a holiday for the future when they could leave the country once again.
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Date
09/03/2021
Fintech industry leaders and regulatory professionals came together recently to hear first-hand from Ron Kalifa, OBE, author of the eponymous and long-awaited Kalifa Review of UK Fintech Strategy. Hosted by global data and analytics provider, LexisNexis
® Risk Solutions, and chaired by CEO of Fintech Wales, Sarah Williams-Gardner, the event was an opportunity for industry representatives to ask their burning questions on the back of the Review.
The reaction from attendees indicates that the Review, whilst posing many great opportunities for the UK fintech sector, leaves open a number of questions and challenges which the industry is keen to address, and which may require additional support from the UK Government as they embark on the task of implementing the recommendations. Among the key issues raised by the sector were:
Published 2nd March, 2021 by Nadine Bloxsome
SIMEC Energy, part of the GFG Alliance, has partnered with intelligent energy technology and flexibility leader GridBeyond to participate in the GB Frequency Response Market, helping National Grid balance and decarbonise the energy network whilst generating substantial savings.
Since November 2020, SIMEC Energy’s Lochaber hydroelectric plant – which supplies 100% renewable electricity to GFG-owned ALVANCE Aluminium’s Lochaber smelter – has been able to provide up to 40MW of its energy flexibility to the Frequency Response Market by connecting its rectifiers and hydro-generators to intelligent energy technology platform GridBeyond Point.
The platform, powered by artificial intelligence and machine learning, places SIMEC Energy’s hydroelectric flexibility in the National Grid’s Low Frequency Static scheme. The service uses the inherent energy flexibility of large energy users – in this case ALVANCE Aluminium’s Lochaber sme