A new proposal to introduce a “visitor levy” on overnight stays in England could impact families and small businesses in the tourism sector, leading to potential closures. The suggested levy, similar to ones in certain European countries, is being considered by Labour for regional mayors to implement. While the exact mechanism and rates are still under discussion, critics argue that it could significantly increase costs for families, potentially adding over £100 to a two-week summer holiday for a family of four. For instance, a family of six staying in Blackpool for four nights at £49 could see their expenses nearly double to £97. Trade body UKHospitality has raised concerns, with 200 businesses joining forces to warn Chancellor Rachel Reeves about the potential negative repercussions of the proposed levy.
In other news, Zoopla’s recent research has identified Sunderland as the most affordable city in England for property buyers, with average monthly mortgage payments amounting to 17% of the typical monthly salary. Havering in London and Aberdeen in Scotland have also been highlighted as affordable areas for homebuyers. Furthermore, Greene King has announced plans to open 30 new franchise pubs this year, expanding into new regions like Wales and the Southwest of England in the coming years.
Additionally, the number of mortgage borrowers falling behind on repayments has decreased, with 80,490 home owner mortgages in arrears in the final quarter of 2025. The FTSE 100 has reached a new record high, providing a boost to pension savers and investors, while French restaurant chain Côte Brasserie has launched a special half-term offer for children. Moreover, Marks & Spencer has been recognized as Britain’s top in-store supermarket for customer satisfaction in a recent survey by Which?, with high ratings for quality and service. Lastly, despite weaker than expected growth in the final quarter of 2025, Chancellor Rachel Reeves remains optimistic about the UK’s economic performance and future prospects.