Reeves announced several economic reforms on October 30, including lowering the threshold at which businesses must pay national insurance, as well as increasing the minimum wage and taxes on air passengers.
Both phenomena could impact the travel industry and consumers, increasing the costs of hiring and retaining staff and potentially driving up airfares.
Reducing the national insurance threshold to £5,000 is expected to increase the burden on businesses by around 1.2 percentage points, while the minimum wage for workers aged 21 and over will increase from £11.44 per hour currently at £12.21 per hour from April 2025.
The increase will be even higher for trainees, with apprentices and workers under 21 currently earning between £6.40 and £8.60 an hour.
The chancellor also increased air passenger taxes by £2 on most short-haul flights, while passengers on private jets will be penalized more heavily in future.
