ABTA's response to the Chancellor's coronavirus announcement
Mark Tanzer, ABTA Chief Executive, says:
“This evening’s announcement by the Chancellor is a positive statement of intent, we will need the Government to follow-through on its commitment to “do whatever it takes” to support struggling UK travel businesses. We also need to see some of the measures announced today, such as the government-backed loan scheme, made immediately available to travel businesses, and further clarity on how businesses will be able to access these loans. It is also essential the Government acts immediately by making temporary changes to existing package travel regulations. The existing financial protection structures and processes designed to protect UK consumers were not designed to cope with the demands that are currently being placed on them.”
This is further to the press release issued yesterday (here), which calls for urgent support from the Government to help businesses through the short-term.