forget

Forget the Black Friday gadget sales

WITH top deals spanning now across three days – Black Friday, Cyber Monday and Travel Tuesday – it can be hard to cut through it all to find the best offers.

And while you might be tempted to fork out hundreds on the latest gadget, the reality is you could get a holiday for the same price.

Swap getting a gadget this Black Friday, for going on holiday Source: Getty

Fortunately, Jet2Holidays has revealed the bargain holidays that cost the same as some of the trendiest gadgets around at the moment.

So instead of getting a high-tech face mask to relax, why not book one of these six relaxing holidays instead?

Swap a Ninja CREAMi Scoop & Swirl £273.99 for seven-nights in Portugal

A Ninja CREAMi Scoop & Swirl costs £273.99 Source: Amazon
A week in Portugal could cost you the same as an ice cream maker Source: Getty

While it might be tempting to get creating your own ice cream and acai bowls with a Ninja CREAMi Scoop and Swirl, this high-tech kitchen accessory will set you back around £273.99 this Black Friday.

Instead, book a trip to the Algarve in Portugal for a few quid more.

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For £279 per person, you could stay at the three-star Parque Mourabel Oasis Village for a week.

The village has around 180 apartments and there are three pools, including a dedicated children’s pool.

You’d depart from Manchester Airport on November 28 and 22kg luggage would also be included.

And instead of making your own ice cream, you can have it made for you… by the sea.

Swap a Shark CryoGlow LED face mask £248.95 for seven-nights in Malta

A Shark CryoGlow LED face mask costs £248.95 Source: Amazon
A week in Malta could cost you the same as an LED face mask Source: Getty

If you fancy pampering yourself, you might be tempted to buy Shark’s LED face mask for £248.95 this Black Friday – but why don’t you opt for a holiday as a form of self-care?

For £299 per person, you could head to Malta, instead for seven-nights staying at the four-star Maritim Antonine Hotel.

The 280-room hotel sits on the slopes of Mellieha and has panoramic views of the Mediterranean Sea.

It has three pools and an exclusive adults-only pool as well.

In Malta itself you can explore honey-coloured Baroque architecture as well as the fortified capital city.

You’d depart from London Stansted Airport on December 7 and 22kg luggage would also be included.

Swap a Sonos Beam soundbar (Gen 2) £335 for seven-nights in Turkey

Sonos Beam soundbar costs £335 Source: Amazon
Swap a Sonos speaker for a week in Turkey and you’d spend less Source: Getty

Instead of listening to the sea through a Sonos Beam Soundbar for £335 you could listen to the real sea in Turkey.

For £319 per person, you could stay at the three-star Twenty Hotel for seven nights in the Antalya Area.

The hotel sits in the heart of the Old Town in Antalya and has an open air roof terrace which looks out to the Taurus Mountains.

Near the hotel you can head to the marina as well as explore Kaleiçi Old Town which is home to several ancient Roman ruins.

Then stop by Mermerli Plajı for a dip in the sea and some local food at one of the waterside restaurants.

You’d depart from Edinburgh Airport on December 11 and 22kg luggage would also be included.

Swap a Dyson Airwrap i.d. multi-styler and dryer £329.99 for seven-nights in Majorca

Dyson Airwrap i.d. multi-styler and dryer costs £329.99 Source: Dyson
A week in Majorca costs less than a Dyson Airwrap and hairdryer Source: Getty

Instead of waving your hair with a Dyson Airwrap multi-styler for £329.99, opt for the natural beach waves you’d get in Majorca.

For £319 per person, you could spend seven-nights in Majorca, Spain, at the three-star Bellevue Bonita And Club Resort for seven-nights.

The resort is Europe’s largest family hotel complex, spanning 250,000 square metres.

The entire resort acts as a mini town with shops, restaurants and even a theatre.

The apartments all feature a modern interior and have different layouts ideal for families.

You’d depart from Bristol Airport on April 7, 2027 and 22kg luggage would also be included.

Swap a Sony PlayStation 5 console £389.99 for seven-nights in Greece

A Sony PlayStation 5 costs £389.99 Source: Getty
Instead of getting a PlayStation and playing a game, you could experience Greece in real life Source: Getty

Instead of playing in a pretend world on a Sony PlayStation 5 console for £389.99 you could play in the real world but in Corfu, Greece.

For £399 per person, you could stay at the three-star Royal Garden Kavos for seven-nights.

The resort features different apartments and studios, as well as an outdoor pool with a deck area.

Nearby you can explore the town of Kavos, where there are a load of restaurants selling local cuisine.

And of course, you won’t be short of beaches.

You’d depart from Glasgow Airport on May 24, 2027 and 22kg luggage would also be included.

Swap a Ninja Luxe Café Pro Series ES701UK £549.99 for seven-nights in Gran Canaria

Ninja Luxe Café Pro Series ES701UK costs £549.99 Source: Amazon
Seven nights in Gran Canaria costs less than a fancy coffee machine Source: Getty

If you’re a big coffee drinker, a Ninja Luxe Cafe Pro for £549.99 could be tempting but why not drink coffee in the Canary Islands instead?

For £539 per person, you could stay at the three-star Cala Dor Gran Canaria for seven-nights in Gran Canaria.

The hotel features self-catering apartments with private balconies and many have sea or valley views.

In the complex, there is also a sun terrace, pool and children’s pool.

Nearby, head on a 15 minute walk to Puerto Rico Beach and the marina.

You’d depart from Glasgow Airport on May 29, 2027 and 22kg luggage would also be included.

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Dear Mr. Rubio, Don’t Forget About the Non-Oil Economy

The Venezuelan economic debate has been dominated by headlines over hydrocarbon deals and speculation around the future of the mining sector. The focus is understandable. It’s a petrostate with an abundance of natural resources, capable of propelling us out of the prolonged economic and humanitarian crisis that chavismo inflicted upon us. But as we must continue to discuss the future of the oil, gas and mining sectors, we must not forget the reforms required to allow the non-oil economy to flourish.

Although a large share of the state’s revenues and the country’s GDP is ultimately tied to hydrocarbons, the overwhelming majority of Venezuelans are not oil engineers, geologists or miners. Nor are most Venezuelan companies directly involved in extracting natural resources. The non-oil economy is there, operating under a highly restricted business environment of price controls, extortion, a minefield of a tax system and labour laws hostile to companies. All while facing a contraction in its market due to the migration crisis and severely restricted access to credit.

Venezuela is still among the hardest places to do business in the world. It is time to discuss how to give the sector, which includes formal and informal businesses of all sizes, the breathing space it needs to grow.

Let’s first put the power grid and infrastructure issues aside. The reforms required span virtually every aspect of the business environment, from the institutions that oversee the economy at the macro level, to the banking system and the nitty-gritty of tax and labour law. At the most basic level, the private sector needs confidence that contracts will be respected, property will be protected, and disputes can be resolved through institutions that are predictable and independent. Without these basic reassurances, investing in Venezuela remains a gamble that many businesses and outside investors will simply not be willing to take.

Dollarization without the institutional and financial framework to back it will fail in its mission to stabilize the economy.

As previously explained regarding the macro level, the Venezuelan Central Bank (BCV) needs to regain its independence and establish a credible monetary policy based on transparency and clear rules, supported by a board and president who are not subordinate to Miraflores. Burning through the petro-dollar cash pile to curb the Bolivar devaluation won’t cut it. The central bank is estimated to have used 65% of the oil sale proceeds to shore up the Bolivar. This has proven to be futile without a proper macro framework to support such interventions. It is the BCV’s credibility that is fundamental to correcting the distortions in the FX market and preserving confidence in the Bolivar, in order to lower the still extraordinary inflation rate hovering around 500%.

A credible BCV will also be fundamental to back whichever currency policy the State decides to embrace. Debates over dollarization have spread. However, the measure is not a magic wand, and going for it without the institutional and financial framework to back it will fail in its mission to stabilize the economy. Monetary stability with a functioning BCV will not suffice, but it’s a necessary foundation to correct the distortions that pervade the Venezuelan economy.

Surviving without credit

Reforms aimed at stimulating the non-oil private sector must not stop there. 

Venezuela needs its banks to be banks again. The country has by far the region’s lowest credit portfolio relative to GDP thanks to draconian restrictions from regulators, which limit the capacity of banks to function as credit facilitators, and reduce them to mere transactional businesses. A functioning banking system is fundamental for the private sector’s recovery. Venezuelan businesses need the capital, as much as consumers need the credit to finance purchases of the goods and services those businesses produce.

Without a functioning banking sector, the private sector costs of capital increase as businesses either accept higher rates from non-bank lenders or are forced to rely disproportionately on their own cash flow to fuel operations. Ultimately, this leads to firms forgoing investments and lower productivity. The survival-mode resource allocation and corporate planning allowed some firms to surf through the crisis, but still makes it considerably harder for a successful company to scale operations and increase productivity.

Under the right conditions, Venezuela could become fertile ground for a dynamic M&A market.

On the consumer side, there is an important advantage from which to build on. Venezuela has a relatively high degree of financial inclusion and has rapidly adopted digital technologies for payments and money transfers. This provides an infrastructure through which a consumer credit market can develop.

Time for real business-friendly laws

Labour laws and informality must also be addressed. The private sector needs to be able to absorb more workers, particularly those who will eventually transition out of an oversized public sector, without facing excessive legal and financial restrictions associated with hiring. The current system makes formal employment particularly costly for smaller businesses, contributing to informality and limiting the capacity of companies to expand their payrolls and operations.

Venezuelan businesses have performed something close to a miracle by continuing to operate under such dire conditions. But many of the businesses that remain have low productivity and have become costly to scale. The end goal of this debate should be to reduce the cost of capital and frictions that limit businesses from increasing their size and productivity, aiming to allow companies to compete at scale internationally.

We need to keep pushing for reforms across the non-oil economy so that businesses can access credit, hire more workers, invest, consolidate and attract capital.

Under the right conditions, Venezuela could become fertile ground for a dynamic M&A market. Consolidation can allow fragmented industries to achieve economies of scale, invest in technology, professionalize management, employ more people, and eventually compete internationally. Stronger and better equipped companies would become more attractive to foreign investors and better positioned to access global markets.

This is what economic reform should seek to achieve: a private sector made up of larger, more productive, inclusive, and competitive businesses.

The private sector has already demonstrated that it can survive under almost any conditions. The task now is to create the conditions for the windfall from those petro-dollars to run through a private sector that is more efficient, inclusive, and scalable. We need to continue pushing for reforms across the non-oil economy so that Venezuelan businesses can access credit, hire more workers, invest, consolidate, and attract capital. That will allow it to become one of the engines of our economic transformation.

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