Travel industry urges UK PM Rishi Sunak to provide “confidence” to businesses

 Tuesday, October 25, 2022 

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The United Kingdom’s latest prime minister Rishi Sunak has been urged by UK travel organisations to provide “stability, clarity and confidence” to businesses in the sector after weeks of economic turmoil.

The former chancellor Rishi Sunak is taking over as prime minister from Liz Truss, who has stepped down after a disastrous six-week spell in charge of the country. Indian-origin Rishi Sunak had previously lost out to Truss in this summer’s Conservative leadership campaign to replace Boris Johnson.

With Rishi Sunak the new UK Prime Minister, ABTA – The Travel Association has stressed the need for the Government to focus now on bringing stability and providing support through the cost of living crisis.

Mark Tanzer, Chief Executive of ABTA – The Travel Association said:

“As Rishi Sunak takes up the job as the UK’s third Prime Minister this year, what businesses and consumers now need is stability, clarity, and confidence that we are set on a path to economic recovery. We also need the Government to understand the delicate position the travel industry is in and the support needed. We’ve had a decent summer of trading, but that is on the back of two years of no travel during the pandemic, and consumer budgets are now feeling the squeeze of the rising cost of living.

“Throughout the pandemic, and in the first leadership race, we have been making Mr Sunak aware of the challenges faced by our industry. We’ve also stressed the opportunity a thriving outbound travel sector offers the UK in terms of economic growth. Our latest forecasts show that, with the right conditions, the UK outbound travel industry could grow 15% by 2027, outperforming many other sectors. To harness this growth opportunity, the Government needs to put a framework in place which supports businesses through their continued recovery from the pandemic and the cost of living crisis, and next week’s fiscal statement offers the opportunity to do that.”

ABTA wants the Chancellor to:

Picture Credit: AP

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