That was the view of the Confederation of British Industry’s (CBI) chief economist, after chancellor Rishi Sunak snubbed the travel sector as he announced a £1bn package for hospitality on Tuesday (21 December).
The CBI’s Rain Newton-Smith said Sunak had created “welcome breathing space” for hospitality and leisure companies through the winter but criticised his lack of financial aid for travel firms.
Newton-Smith said the travel sector played a “vital role” in fuelling international trade and supporting jobs and should be offered more generous help.
“Business stands ready to work in partnership with government to lift confidence as we head into 2022 and the critical New Year booking period. Ramping up mass testing, lifting international restrictions as soon as possible, and clear, forward guidance for firms will all be crucial to protect jobs and growth,” she said.
“But if infection and hospitalisation rates continue to grow across the country, the potential of further measures will weigh on firms. The government must monitor the situation closely and ensure that any new restrictions go in lock-step with further targeted cash flow support to those firms most in distress across sectors impacted.”