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Chancellor needs to give travel ‘vote of confidence’ in Budget

Government
Rob Gill
19 February 2021

Chancellor Rishi Sunak needs to help travel businesses to “manage their cash flow” until holidays can resume when current Covid-19 restrictions start being lifted.

(Credit: HM Treasury)

Sunak is due to deliver his long-awaited Budget on 3 March, with the travel industry continuing to push for him to include some kind of specific financial support for the sector.

Rajeev Shaunak, head of travel and tourism at accountancy firm MHA MacIntyre Hudson, said Sunak should address the industry’s “lack of liquidity”, which was the “biggest single danger” to travel firms at the moment.


“The travel industry needs to see a vote of confidence from the chancellor on 3 March,” added Shaunak, “Urgent measures are needed to save it from the enormous impact of the Covid-19 pandemic.