**Holiday Prices Set to Soar? Jet2 and TUI Raise Concerns Over ‘Travel Tax’** 🏖️✈️
Attention, holiday lovers! The two biggest names in UK travel, TUI and Jet2, have issued a warning that holiday prices might skyrocket if Chancellor Rachel Reeves goes ahead with tax hikes in the upcoming Budget. With talks of a potential £50 billion tax increase, both companies fear the days of affordable travel may be numbered.
Neil Swanson of TUI highlighted that potential tax hikes could see sun-seekers priced out, turning vacations into a luxury for those with deeper pockets. Jet2’s Steve Heapy echoed these worries, pointing to the strain on businesses from increased employer costs and the higher national minimum wage.
Both execs stress the need for a balanced approach that doesn’t burden Middle England as the go-to solution for economic challenges. Instead, they’re urging the government to unleash a real growth agenda to keep holidays accessible for everyone.
With the potential of higher taxes affecting currency values and import costs, the future of budget-friendly getaways hangs in the balance. Stay tuned as we await the Budget announcement on November 26th! 🌍💸
What are your thoughts? Are you worried about the future cost of holidays? Share your opinions below! 📩👇#TravelTax #HolidayHikes #Budget2025 #TravelNews