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Trade groups respond to Autumn Statement
The Chancellor’s Autumn Statement has elicited a mixed response across the industry.
Jeremy Hunt says the government’s measures will tackle the cost of living crisis and rebuild the economy.
It has taken ‘difficult decisions’ for stability, growth and public services.
The government’s energy tariff guarantee will continue for a further 12 months at an average of £3,000 per household.
“We will proceed with the revaluation of business properties from April 2023,” Hunt said.
“We welcome business rates support which come as welcome relief to businesses in inbound tourism,” Joss Croft, CEO, UKinbound said.
“However we urge the Chancellor to expand the relief scheme to include nonretail businesses such as tour operators.”
“The decision to increase APD is a hammer blow to the recovery and increases the competitive disadvantage.”
Martyn Sumners, Executive Director of AITO, said: “This is a key budget for the travel industry and the whole of the UK.”
Sumners supports the national living wage increase ‘on a human basis’ but will impact small businesses.
“It will hit SMEs hard, especially our travel agency colleagues.”
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