UK travel chiefs warn tax hikes could raise holiday prices, hurting middle-class families.

UK travel leaders warn that Chancellor Rachel Reeves’ planned November Budget could lead to higher holiday prices if tax increases are implemented to close a projected £50 billion fiscal gap. Tui’s Neil Swanson and Jet2’s Steve Heapy caution that business tax hikes would force companies to raise prices, potentially pricing out middle-income families. They cite a £25 million financial hit from recent tax and wage changes and warn repeated tax increases could weaken the pound, boost import costs, and harm economic growth. Both urge Reeves to prioritize growth-focused policies over taxing middle-income households. The Treasury has not commented.