Following the announcement of the UK \government’s emergency budget, the World Travel & Tourism Council (WTTC) responded:
“This is a difficult budget in a tough economic climate in which there are no easy options, and many nations are being forced to tighten their belts.
“However, at £140 billion, the share of the UK’s travel and tourism economy GDP is higher than that of its £114 billion financial and business services sector (respectively 10.1 percent compared to 9.2 percent). Yet travel and tourism has received very little direct support compared to the £850 billion given to the financial sector.
“Investment in travel and tourism has the very real potential to grow national and local economies and create employment opportunities. That investment need not come from the public purse but could begin with a serious discussion between the public and private sector industry around the potential barriers to growth such as Air Passenger Duty or visa policies.”