Double-jabbed Brits are expected to be allowed to travel to 140 amber list countries without quarantining on return from later this month.
Transport Secretary Grant Shapps is preparing a statement in which current travel rules are expected to be torn up later this morning.
Currently, passengers from amber listed countries must isolate for 10 days upon return.
But from as early as July 19, this may change - meaning summer holidays are once again on the cards for millions of Brits.
It means some of Europe's top holiday destinations including France, Spain, Portugal and Italy welcoming UK tourists once again.
Tour operators and airlines are also preparing for a surge in demand after a disastrous 16 months.
It comes after Covid self-isolation laws are also to be axed for people who have had two doses of vaccine - but not until August 16.
The rules will mean double-jabbed people in England will not be required to isolate after coming into contact with someone who tests positive, as long as they had their second dose at least two weeks earlier, Sky News reports.
And from the same date, under-18s who come into close contact with people who test positive will not have to isolate.
Instead they will be given "advice" to take a test - depending on their age - and will only be required to isolate if they test positive.
Health Secretary Sajid Javid, making a statement to the Commons, said: "I understand that some people are cautious about their idea of easing restrictions, but we must balance the risks - the risks of a virus that has diminished but not defeated, against the risks of keeping these restrictions and the health, social and economic hardship that we know they bring.
"This pandemic is far from over and we will continue to proceed with caution.
"But we're increasingly confident that our plan is working and that we can soon begin a new chapter based on the foundations of personal responsibility and common sense rather than the blunt instrument of rules and regulations."
