Fury as Rachel Reeves plots to slam Brits with £518m UK ‘holiday tax’
# Fury as Rachel Reeves plots to slam Brits with £518m UK ‘holiday tax’
**Labour faces backlash over potential tax on holidays, raising public concerns as Budget date approaches.**
Labour's plans for a new holiday tax, anticipated to raise £518 million, have incited public outrage ahead of the Budget scheduled for November 26. Stakeholders, including industry leaders, are urging the party to adhere to its commitments and abandon this proposed tax that could burden families already grappling with financial challenges.
The proposed levies could add significant strain to holidaymakers, affecting many who are already feeling the pinch due to rising living costs. Concerns have been voiced by UKHospitality, which insists that imposing a holiday tax would place an unfair financial load on the public.
“Labour is being urged to 'stick to its word' concerning its promises not to introduce such taxes,” officials stated, emphasizing that the tax could exacerbate existing economic pressures. The figure of £518 million highlights the considerable impact this tax could have on UK households, particularly in the context of a recovering hospitality sector.
Local businesses and tourism officials have also expressed alarm over the potential fallout from this proposed measure, suspecting that it could deter visitors and hurt an already vulnerable industry. The emphasis now rests on Labour to reconsider before the upcoming Budget presentation.