Hi Maureen
I'm really sorry to hear you are going to be made redundant. I hope you find another job soon.
As for your holiday, I would advise that you don't cancel yet. If you cancel any time between now and 42 days before departure, the most you will lose is your deposit. So, in effect, you have until September 2009 to see what happens with your employment situation. It won't cost you anything to wait and see.
Also, you might not even have to lose your deposit. Your insurance may well cover holiday cancellation owing to redundancy. Some policies do and some don't, so do have a look at the small print and see whether you are covered.
Kind regards,
Olly, your editor