Tourism, in terms of its contribution to the overall economy, will be the sector hit hardest by the ...
Tourism, in terms of its contribution to the overall economy, will be the sector hit hardest by the foot and mouth crisis, according to Suzie Kemp, fund manager of the Credit Suisse Fellowship Fund. The Centre for Economic and Business Research is predicting there will be, as from 27 March, a £9bn cost to the economy as a result of foot and mouth, of which £5bn comes from tourism. Kemp says the original overall prediction was a £3bn economic cost. Kemp says not only are rural operators, pubs, hotels and caterers affected by the crisis but also London. She says: "The US media is playing ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes