Travel March Review: Holiday Late’s Pricing, The Budget & Travel, Agent Debt, UKInbound

Welcome to the Travel Monthly Review Show – March 2024 edition. In this episode we tackle:

• Some industry news including Late’s pricing, Agent debt and industry associations

• Spring Budget UK – The UK Government announced a range of measures to keep Britain financially fluid…we’ll analyse what they mean to the industry

• In our monthly feature – we’re joined by Joss Croft, CEO of UKInbound, to look at trends of the international traveller market to the UK

• Plus – we cannot end the show without our Quick Quiz

Featuring Will Plummer (CEO, Trust My Group), Claire Steiner (UK Director, Global Travel and Tourism Partnership), and James Clarke (General Manager, Travelzoo UK),

FEATURE TOPIC UK – Spring budget – election year

• Air- passenger Duty: Air passenger duty on business-class travel is set to rise

• Holiday lets: Completely getting rid of the Furnished Holiday Let scheme from April 2025,. This now means that mortgage interest will NOT be deductible

• Abolishing Multiple Dwelling Relief from June

• Freezing alcohol duty: The freeze on alcohol duty, which had been due to end in August, will continue until February 2025.

Employee and general business

• 2% cut in National Insurance This means employees were paying 12% in December, 10% January to March and 8% from April.

• The self-employed will pay 6% from April.

• Increasing the VAT threshold from £85,000 to £90,000 from April

• Increasing the threshold that Child Benefit

Listen to the podcast here.

About Haynes MarComs

Haynes MarComs supports businesses with strategic brand marcomms and digital and PR campaigns by taking an holistic approach to sales, marketing and customer delivery. Our aim is to make your business more efficient and productive in your go-to-market strategy to secure the confidence from the market that drives lead generation to meet your commercial goals.