Billed as a once-in-a-parliament reset to the nation’s finances, last month’s Budget saw chancellor Rachel Reeves deliver reforms that could have wide-ranging implications for how the travel trade goes about its business.
Since 2021, average travel salaries have gone up by more than a third (Credit: iStock)
Reeves announced on 30 October several economic reforms, including lowering the threshold at which businesses have to pay National Insurance, as well as increases to both minimum wages and Air Passenger Duty.
Both could have repercussions for the travel industry and consumers, driving up the cost of hiring and retaining staff and potentially too pushing up air fares.
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