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Abta: ‘Give travel the right tax and policy framework to prosper’

Government
Luke Petherbridge
22 February 2023

The government remains tight-lipped on what we can expect from next month’s Budget, save for efforts to dampen any expectations of any significant tax cuts.

National Insurance and minimum wage – 5/10

The Air Travel Trust underwrites the Atol scheme (Credit: Andre Taissin / Unsplash)

However, there are some important things we already know which tell us much about where the government’s focus lies.

November’s Autumn Statement was a much larger fiscal policy event than would usually be expected. It was used to reverse many of the decisions made by chancellor Jeremy Hunt’s short-lived predecessor Kwasi Kwarteng, and the previous prime minister, Liz Truss, by setting out what the government intends to do to support businesses over coming months, but also making clear the need for fiscal discipline.