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Budget Reaction - UKinbound

Wednesday, 27 October 20213 min read
Budget Reaction  - UKinbound

Lauren Broughton, Head of Public Affairs, UKinbound said "We welcome the 50% business rate reduction for retail, hospitality and leisure businesses, along with the new funding for local cultural and heritage sites and the promised investment in the UK’s transport infrastructure, all of which will positively impact the UK’s inbound tourism industry.

"While the reduction in domestic APD is a positive step, increasing APD on long-haul flights is a kick in the teeth to the UK’s third largest export industry, which is only just beginning its recovery. Inbound tourism brings new money into regional economies, supports over 500,000 jobs across the country and will significantly aid the country’s economic recovery and Global Britain ambitions, but imposing further taxes on an already struggling industry is counterintuitive."