UKinbound reacts to Budget ‘missed opportunity’
Although travel businesses will be able to benefit from the furlough extension and business rates holiday, the lack of sector-specific assistance in the Budget is a huge missed opportunity, says UKinbound.
Reacting to the Budget, Joss Croft, CEO, UKinbound said: "The extension of furlough is very welcome news for our industry, as is the business rates holiday and its further cut. We’re also pleased that leisure grants of up to £18,000 will be available for businesses that need to stay closed for longer, but we urgently need confirmation from Government that tour operators, coach operators, language schools and event organisers will be eligible for these grants, having been unfairly excluded to date."
"It was however disappointing and a huge missed opportunity to hear that sector-specific support, which has been rolled out in Scotland, will not be provided. The VAT cut will be beneficial to hospitality and domestic tourism businesses, but its impact on inbound tourism, and the export value it delivers that will take longer to restart, will be minimal."
"The inbound tourism industry still has a long road to recovery and the Government needs to recognise this. International inbound tourism to the UK can play a crucial role in supporting the country’s economic recovery," Croft added.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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