Northern Irelands tourism, hospitality, and pension sectors face financial strain due to UK Chancellor Rachel Reeves proposed budget. Key concerns include an increased air passenger duty, lack of VAT and business rates relief, and frozen tax allowance thresholds. Airport executives and hospitality leaders urge for tax cuts and VAT pilot programs to support growth and jobs. Tax specialists warn of potential tax increases for pensioners and landlords, as well as a new capital gains tax for business investors. These measures are set to take effect closer to the next UK general election.
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