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What Brexit might mean for UK travel? Luke Petherbridge Public Affairs Manager
What Brexit might mean for UK travel?
Luke PetherbridgePublic Affairs Manager
What Brexit might mean for UK travel?
• ABTA and Deloitte report, available online - www.abta.com/eureferendum
• Report looks at potential impacts of a “leave” vote by:• Looking at what the EU has meant for travel• Examining key referendum factors for travel businesses, and your customers
Issues examined
Links between the UK and the EU travel industry Economic overview How Brexit would work in practice Regulatory impacts – travel businesses and consumers Employment impacts Investment and currency impacts, and impacts on consumer confidence
• Includes a business checklist of questions that ABTA and Deloitte believe businesses in travel should ask.
Travel between the UK and the EU
175,000
350,000
343,000
How would Brexit work?• Minimum 2 years of negotiations (Article 50)• Trade off between access to single market and freedom of movement
Brexit and your customers
What might UK travellers be missing out on?
• Opportunities for bilateral agreements (new destinations and trade opportunities)
Brexit and the travel industryRegulatory impacts (liberalisation, mutual qualifications)Tax and trade impacts (VAT, harmonisation)Employment impacts (Freedom of movement, costs) Investment impacts (investing in UK businesses)Currency impacts Confidence impacts
Thank you!Luke Petherbridge, Public Affairs Manager
E: [email protected]: 020 3117 0578
www.abta.com/eureferendum
