Spirits were high yesterday morning (Monday 27 June) at the British Hospitality Association (BHA) Summit event in the City of London, where senior industry figures gathered to debate issues, and high amongst the list of topics was the potential impact of the EU referendum result.
Opening the Summit, BHA Chairman Nick Varney, who is CEO of Merlin Entertainments, said to delegates: “Tourism and leisure can continue to grow under Brexit! Initially a weaker pound will encourage visitors and also exports will flourish. We should seize the moment and lock in that competitive advantage with a permanent cut to VAT for accommodation, and possibly in the future also for restaurants.”
In an industry that has created nearly 600,000 new jobs over the course of the last Parliament (that is 1 in 3 of all new jobs created) the industry calls upon government to urgently clarify the issue of movement of labour which is so important to the growth ad expansion of the sector and reassure our workforce that they are both welcome and valued members of our society.