Travel bosses warn holidays will become too costly' for some if taxes are raised

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"British holidaymakers face the prospect of more expensive getaways should Rachel Reeves proceed with tax increases in next month's Budget, according to the UK's two largest tour operators. Neil Swanson, Tui's UK managing director, warned that holidays will become too costly for some people if the Chancellor does this. Jet2 chief executive Steve Heapy, meanwhile, expressed fears about the Budget raising taxes by 50 billion annually and screwing Middle England. Ms Reeves has indicated she is exploring potential tax rises and spending cuts for her 26 November Budget, aiming to address an estimated 50 billion fiscal deficit. Her inaugural Budget last October saw the announcement of an additional 40 billion in annual taxes."

The Independent covers reproductive rights, climate change, and Big Tech, investigating matters such as Elon Musk's pro-Trump PAC and producing documentaries like 'The A Word'. The outlet solicits donations to fund journalists on the ground and maintains open access by avoiding paywalls, relying on contributions from those who can afford it. Rachel Reeves is considering tax rises and spending cuts in a 26 November Budget to address an estimated £50 billion fiscal deficit after last October's measures added £40 billion. Major tour operators warn that further business tax increases would force holiday price increases, potentially pricing some consumers out of travel. Executives state firms cannot fully absorb extra costs and would need to pass some or all increases onto customers, risking more expensive getaways for middle-income households.

Read at www.independent.co.uk