One of the higher-profile Conservative policies ahead of the December 2019 general election was Boris Johnson’s promise to introduce a triple tax lock which will freeze income tax, National Insurance and VAT for the next five years. Majority in hand, the onus will now be on the prime minister to deliver on the pledge
How the policy may be implemented and how further it may extend will be an issue of note for a number of business leaders, including those within the amusement park sector.
Norman Wallis is the founder of Universal Attractions, a provider of family focused entertainment and attractions that runs the Southport Pleasureland family amusement park – which has been operating for over 100 years. With Brexit going ahead on January 31, Wallis believes that the UK tourism industry is in a strong position to capitalise on the opportunities.
Wallis told The Parliamentary Review: “The next 12 months will be a pivotal period for tourism in the UK. Whatever changes are incoming, thanks to a different relationship with Europe, the tourism industry is well placed to capitalise on them.
“The combination of a weak and fluctuating pound and fresh layers of foreign travel red tape for outward-going Brits is likely to boost domestic UK tourism and incoming international visits.”