Holidays will cost more if taxes are hiked in Budget, say travel bosses

Tui said travel companies would be forced to raise holiday prices if taxes on businesses were increased further (Alamy/PA) -

Holidays will become more expensive if Rachel Reeves hikes taxes in next month’s Budget, the UK’s two biggest tour operators have said.

Tui’s UK managing director Neil Swanson said holidays will become too costly for some people if the Chancellor does this, while Jet2 chief executive Steve Heapy expressed fears about the Budget raising taxes by £50 billion a year and “screwing Middle England”.