Labour’s first Budget since taking power has left businesses reeling, and travel was no exception. So to what extent could the reforms hamper growth for agents and suppliers? The TTG news team reports.
Rachel Reeves delivered Labour's first Budget since the July election (Credit: HM Treasury / Kirsty O'Connor)
The number crunchers have done their job and the industry has digested the new Labour government’s first Budget. Broadly speaking, it brings increased costs for employers, but there is help on the horizon for the high street.
Some, though, remain distinctly unhappy, like Advantage Travel Partnership chief executive Julia Lo Bue-Said. “You’ll need to find something like £900 per person extra in costs on an average wage to absorb it,” she forecast.
Get unlimited access to the latest travel industry news and analysis, comment on articles and sign up to newsletters.
Register for free
Already registered? Login here or below.
Having difficulty logging in? Try these tips, or contact support@ttgmedia.com
