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Industry looks to Sunak to stop the economy hampering sales

Government
Gary Noakes
25 October 2022

The industry faces a gloomy few months ahead as economic factors conspire to derail the January peak sales period and hamper travel’s post-pandemic recovery.

Rishi Sunak took office as prime minister today

Soaring energy bills, double figure inflation and rising interest rates threaten to pour cold water on the post-pandemic bounce back unless new prime minister Rishi Sunak acts quickly, experts fear. 

“The worry is that we’re entering a very uncertain period,” said Alan Bowen, legal advisor to the Association of Atol Companies. “Nobody will book in January and February if they don’t know what their electricity and gas bills will be in April,” (when government support ends), plus food bills are going up every week.”