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Budget to push up Hays Travel's business costs by more than £6 million

Economy
Edward Robertson
12 November 2024

Hays Travel is facing a more than £6 million increase in staffing costs following the new Labour government’s first Budget owing to increases in minimum wage and other business costs outlined by the chancellor.

Rich rewards

Dame Irene Hays was at Newcastle airport to get conference delegates on their way (Credit: Hays Travel)

Speaking on the first day of Hays Travel’s retail conference in Antalya, Turkey, the agency’s owner and chair Dame Irene Hays said the business had always prided itself on paying staff more than the minimum wage.


She stressed the agency would continue to honour that practice which, combined with additional National Insurance costs, will see Hays’ wage bill grow by 10%.

"We pay above the National Living Wage, and we are proud to do that as we believe it is the right thing to do," said Dame Irene. “It is going to mean a significant hike in salaries.”