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NatWest commercial boss on what the Government can do to help businesses large and small at a time of crisis

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Robert Begbie visits Manchester Accelerator to talk about innovation, mid-markets and economic shocks

Pictured at NatWest's Accelerator in Manchester city centre are Robert Begbie, CEO, Commercial & Institutional, left, and Libbie Mowbray, Accelerator Community Manager for Manchester

Robert Begbie, CEO, Commercial & Institutional, left, and Libbie Mowbray, Accelerator Community Manager for Manchester (Image: Reach plc)

The Government needs to try to give businesses reassurance and stability at a time of global crisis – that’s the message from a key NatWest leader as he visited the North West to meet entrepreneurs. Robert Begbie, CEO Commercial and Institutional at NatWest, visited the bank’s Manchester business accelerator to meet some of the entrepreneurs growing their businesses from the Spinningfields hub.

He spoke to BusinessLive about the bank’s network of Accelerator hubs that aim to support scale-ups and start-ups across the country. And he and North West regional director Steve Sankson also spoke about the power of mid-market firms to drive the economy in Manchester and beyond.

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Asked about the state of the markets after the Iran war, Mr Begbie said the most important thing the Government could do in the medium term was to ensure stability in policymaking.

He said: “The Government can’t control what’s going on in the Middle East. That’s completely outwith their control. But stability in the environment for businesses to operate in is hugely helpful.

“The Government has set in train a number of things around their industrial strategy, their trade strategy, overall growth, regulatory reform, and all of those will make a difference. But they take time. The culmination of those things over a period of time all helps, they’re all building blocks to creating a more sustainable and higher growth, higher productivity economy.

“A combination of that, plus everybody else including us playing our role in that growth, will ultimately create the conditions for companies to grow and the economy to grow.”

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It’s too early to say what long-term impact the ongoing conflict in the Middle East might have on the economy, but Mr Begbie said fragile business confidence was likely to be damaged.

He said: “If you look through the last 10 years, what we found generally is that businesses have done incredibly well to cope with those shocks, whether they’re domestic, international, whether they are inflation-related, whether they’re health-related as in the case of the pandemic or geopolitical-related. And this is another one.

“It’s unfortunate because we felt that for the first time in quite a long time there was a pretty stable set of conditions for businesses to invest and grow. And with that comes confidence and the confidence to invest in your business, the confidence to grow, confidence to want to expand your markets or expand your even your geographies – part of our role was to help customers to expand out where they do business.

“Growth was minimal, but at least it was growth – rates were coming down, inflation was coming down, we’d come through the other side of some of the Budget measures… certainly talking to businesses locally and talking to the teams, it felt like there was a growing mood of optimism and confidence in the economy.

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“I think it’s too soon to say that what’s happened in the last two weeks is going to permanently damage that, but clearly in the short term it just introduces uncertainty.”

The magic middle: Why mid-market companies are vital to growth

Mr Begbie said NatWest’s own recent results had been strong with growing business lending, including a 50% growth year-on-year in its gross lending to it Business Banking customers. He said: “If our lending book is growing in the mid market we know there’s something good going on in the UK mid market

“What we started to see at the end of last year to this year was more M&A activity around the large corporate end of the UK… and as a major bank into UK PLC we’ll be involved in some of those transactions.”

Mr Begbie said the bank wanted to be ambitious for itself and for its customers, and said: “We’re now in a situation where there’s a bit of uncertainty, but with uncertainty that gives us a chance to step up and help support those customers.”

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NatWest has had a big focus on mid-market firms, which it says are vital to the economy but can often be overlooked by policymakers in favour of corporate giants and headline-grabbing start-ups. Earlier this month the group appointed 12 Mid-Market Champions in 12 UK nations and regions.

Mr Begbie said the mid-market was “responsible for so much of the employment in the UK, so much of the growth and a one per cent growth in that sector is worth many times more.”

NatWest sign

NatWest took some of its mid-market customers to 11 Downing Street

He was at Number 11 Downing Street earlier this month for the first Mid-Market Growth Council reception, alongside NatWest CEO Paul Thwaite.

He said: “We took some of the members of the council but we also took some of our mid-market companies from up and down the country and it was great. Paul spoke briefly the Chancellor spoke. We all have the same objective here – everybody in the room wants to help stimulate growth and make the country a more prosperous place, but that can only happen if we put all the things in place.”

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The North West’s innovation champion is Steve Sankson. He said: “If you think about business support, it’s targeted at SMEs, start up, scale up, innovation. Big businesses typically look after themselves. In that regional mid market business, there’s actually a lack of targeted support or intervention.

Author avatarAlistair Houghton

READ MORE: NatWest snaps up Evelyn Partners for £2.7bn and launches share buyback

“If you look at any growth plan from a regional perspective, they focus on emerging sectors, emerging clusters. But true growth comes from the mid-market as well.

“Mid-market businesses have got very common issues. If you get a group of 20 mid-market businesses, they’re all facing the same skills issues. They’re grappling with increasing complexity and burden being placed on business. Actually being able to address some of those issues either through policy, or collectively coming together to say ‘what’s the issue in Manchester’, could be quite powerful.

“Everybody’s talking about Greater Manchester right now. Mid markets grow more quickly in Greater Manchester than any other region, they’re more innovative in Greater Manchester than in any other region.”

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‘We’re helping people live out their dreams’

Mr Begbie said he loved visiting NatWest’s Accelerators across the country. The Manchester one has helped hundreds of entrepreneurs, and on the day of BusinessLive’s visit a group of entrepreneurs was learning about how to create perfect short, sharp pitches for investors.

He said: “I’ll tell everybody who works for us to go to an accelerator. We’re helping people live out their dreams here. But also, we attract some of the most passionate, enthusiastic colleagues of anywhere in the organisation to work in our accelerators.

“Those accelerators, and they’re all slightly different, all share the same themes of passionate colleagues and passionate entrepreneurs. There’s some incredible successes as well. I met one of the founders of a business that went through the Birmingham Accelerator 10 years ago. And that is now a £50m business. And they became advocates for us. So we get the benefit of seeing businesses becoming successful businesses and we played a small part in that.”

Robert Begbie, CEO of NatWest Commercial & Institutional (left) is pictured with Dr Mark Cox (right), founder of Orli Health and winner of the NatWest Accelerator Pitch competition in London.

Robert Begbie, CEO of NatWest Commercial & Institutional (left) is pictured in 2025 with Dr Mark Cox (right), founder of Orli Health and winner of the NatWest Accelerator Pitch competition in London.(Image: Patch Dolan Photography)

NatWest is also looking to grow its accelerator network by connecting with universities.

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Mr Begbie said: “We announced last year we were going to put the equivalent of these accelerators into 10 universities up and down the UK. We’ve announced four, the other six will follow. We’ve had one in Warwick University for a while, which is a clean transport accelerator.

“The reason for picking universities is to take some of those ideas that spin out of universities, but struggle to find a way to commercialise.”

The bank has also launched a strategic partnership with the University of Manchester aimed at improving student employability and supporting innovation.

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The Best House Buying Companies in the UK (2026): A Business Perspective

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The UK housing market is set for a subdued year, as both Savills and Rightmove cut their forecasts for house price growth in 2025, reflecting a combination of weak buyer activity, rising property supply, and lingering geopolitical uncertainty.

The UK property market continues to evolve, with increasing demand for speed, certainty and flexibility driving growth in the fast house sale sector.

House buying companies — often referred to as cash property buyers — have become a significant part of the market, offering homeowners an alternative to traditional estate agent sales. For many sellers, particularly those facing time pressure, these companies provide a streamlined route to completion.

However, the sector is far from uniform. Business models vary widely, from direct cash purchasers to hybrid platforms reliant on investor networks. As a result, understanding which companies deliver consistently is key.

Below is a business-focused overview of some of the leading house buying companies operating in the UK in 2026, based on scale, structure and market presence.

1. Springbok Properties

A scaled operator with structured sales models

Springbok Properties

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is one of the most established and recognisable companies in the UK fast-sale property sector.

From a business standpoint, what differentiates Springbok is its multi-route sales model. Rather than relying on a single acquisition method, the company offers a range of structured solutions designed to align with different seller priorities — including speed, price and certainty.

This operational flexibility allows Springbok to handle higher volumes of transactions while maintaining relatively consistent completion timelines.

The company has also built significant brand equity, supported by a large volume of customer reviews and a strong digital presence.

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Business strengths

  • Nationwide operational scale
  • Structured, multi-channel sales model
  • Strong brand recognition and review footprint
  • Ability to process high transaction volumes

For sellers and investors alike, Springbok represents one of the more mature and systemised operators within the sector.

2. The Property Buying Company

Direct acquisition model with strong market visibility

The Property Buying Company operates primarily as a direct purchaser, which simplifies the transaction process and reduces reliance on third-party buyers.

From a business perspective, this model offers clarity and speed, making it attractive to sellers seeking straightforward transactions.

The company has invested heavily in marketing, giving it strong visibility within the UK property sector.

Business strengths

  • Direct buying model
  • Clear and simple transaction structure
  • Strong brand awareness

However, as with most direct buyers, pricing is closely tied to valuation models and risk assessment.

3. Good Move

Compliance-led positioning in a lightly regulated sector

Good Move has positioned itself as a regulated house buying company, emphasising transparency and adherence to industry standards.

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In a sector where regulation is still evolving, this approach provides a degree of differentiation and appeals to sellers seeking reassurance.

From a business standpoint, Good Move’s focus on compliance reflects a broader trend toward professionalisation within the fast-sale market.

Business strengths

  • Compliance-focused positioning
  • Transparent communication processes
  • Alignment with industry bodies

4. Property Solvers

Hybrid model with investor integration

Property Solvers operates using a hybrid approach, combining direct purchasing with access to an investor network.

This model allows the company to offer flexibility, matching sellers with different types of buyers depending on the property and circumstances.

From a business perspective, hybrid models can increase deal flow but may introduce variability in timelines and pricing.

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Business strengths

  • Flexible acquisition strategy
  • Access to investor capital
  • Nationwide coverage

5. WeBuyAnyHome

Brand-led growth within the fast-sale sector

WeBuyAnyHome is one of the most recognisable brands in the UK quick-sale property market, driven largely by its marketing strategy and national reach.

The company focuses on generating high volumes of enquiries through a simplified onboarding process.

While brand strength is a clear advantage, the underlying transaction model often depends on investor participation.

Business strengths

  • Strong national brand presence
  • High lead generation capacity
  • Streamlined enquiry process

Sector Insights: A Market in Transition

The growth of house buying companies reflects broader structural changes within the UK property market.

Key trends include:

  • Increased demand for chain-free transactions
  • Rising adoption of PropTech and digital workflows
  • Greater awareness of alternative selling routes
  • A shift toward speed and certainty over maximum price

As a result, the sector is becoming more competitive, with companies refining their models to improve efficiency and conversion rates.

Key Considerations for Sellers

From a business and consumer perspective, due diligence remains essential.

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Sellers should assess:

  • Whether the company is a direct buyer or intermediary
  • The transparency of the valuation process
  • Evidence of completed transactions and reviews
  • Membership of recognised industry bodies

Understanding these factors can help mitigate risk and ensure a smoother transaction.

Conclusion

House buying companies have established themselves as a viable and growing segment of the UK property market.

While the sector includes a wide range of operators, companies such as Springbok Properties, The Property Buying Company and Good Move demonstrate how scale, structure and transparency can differentiate businesses in an increasingly competitive landscape.

As market conditions continue to evolve, the demand for fast, reliable property transactions is likely to remain strong — ensuring that house buying companies play an increasingly important role in the future of UK real estate.

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Wales needs to deliver more than 10,000 a year to hit government target

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Lichfields has published comparative figures to the previous Welsh Government measure including the backlog in unbuilt homes.

Builder working on roof of a partially constructed house.

House building.(Image: Rui Vieira/PA Wire)

Wales may need to deliver more than 10,600 homes a year over the next five years if it match the Welsh Government’s latest housing need figures on a comparable basis, according to new analysis from planning and development consultancy Lichfields.

The Welsh Government’s updated estimates of housing need, published in February, identify a central requirement of around 8,700 homes per year between 2025 and 2030. That is already well above recent delivery levels, with housing completions averaging around 5,000 homes a year and 4,631 delivered in 2024/25.

READ MORE: The latest appointments in Welsh business

However, Lichfields’ review shows that the way the new figures are presented differs from the approach taken in 2019. The latest estimates separate newly arising need from the existing backlog of unmet need, currently identified as 9,400 households.

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In 2019, that backlog was factored into the first five years of the plan period. If the same method were applied to the new dataset, the annual requirement for 2025–2030 would equate to 10,620 homes per year – a 43% increase on a like-for-like basis.

The updated figures also suggest a shift in the balance of housing required. For the next five years, the central estimate indicates around 65% market housing and 35% affordable housing.

Gareth Williams, senior Director at Lichfields, said: “Even the central estimate of 8,700 homes a year represents a significant uplift on recent delivery. On a comparable basis with the previous methodology, the annual requirement would exceed 10,600 homes.

“That gap between identified need and actual delivery is substantial. There is an urgent need for planning policy reform to ensure continuity of housing delivery where Local Development Plans are failing to progress. In our view, this should be a priority for whichever party forms the next Welsh Government after the May elections.”

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The analysis also explains that the published estimates should be viewed as a minimum, given the way they have been calculated.

Arwel Evans, planning director at Lichfields’ Cardiff office, added: “The latest household projections will form a key part of the evidence base for regional and local development plans. Authorities bringing forward new or revised plans will need to consider these figures carefully.

“If Wales is to move closer to meeting identified need, there will need to be confidence in land supply, up-to-date plans and a consistent policy framework to support delivery.”

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The Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events.
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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Bill Gates Accelerates Philanthropic Push Amid Global Health Challenges and Ongoing Epstein Scrutiny

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Bill Gates said his Breakthrough Energy company would spend $1.5 billion over the course of three years with the goal of eliminating greenhouse gas emissions contributing to climate change, according to US media reports

Billionaire philanthropist Bill Gates is intensifying his commitment to global health and innovation as the Gates Foundation ramps up spending toward a planned closure in 2045, even as he navigates renewed controversy over past associations with Jeffrey Epstein.

Bill Gates said his Breakthrough Energy company would spend $1.5 billion over the course of three years with the goal of eliminating greenhouse gas emissions contributing to climate change, according to US media reports

In early 2026, Gates outlined an optimistic yet cautious vision for the future in his annual letter titled “The Year Ahead 2026: Optimism with Footnotes,” published on his Gates Notes blog in January. The Microsoft co-founder emphasized that innovation—particularly in artificial intelligence, health care and clean energy—could drive unprecedented progress over the next decade, but only if the world addresses key challenges like funding cuts to global aid, AI disruptions and the need for greater generosity from wealthy nations and individuals.

“I have always been an optimist,” Gates wrote. “But as we start 2026, my optimism comes with footnotes.” He highlighted breakthroughs in global health, such as mobile technology improving maternal care in low-resource settings and AI’s potential to transform health systems worldwide. Gates stressed that choices made in 2026 would shape outcomes for decades, urging scaled innovation and minimized AI-related disruptions.

The Gates Foundation amplified this momentum in February with its 2026 Annual Letter, “The Road to 2045,” released by CEO Mark Suzman. The document warned of a rare reversal in global health progress, noting that child mortality is projected to rise for the first time this century due to aid reductions and other factors. To counter this, the foundation committed to a 20-year agenda focused on three core goals: saving and improving lives through health advancements, reducing inequities, and accelerating innovation.

Building on Gates’ May 2025 pledge to donate the bulk of his fortune—totaling around $200 billion over two decades—the foundation announced a record $9 billion budget for 2026. This historic payout, the largest in its 25-year history, aims to accelerate impact ahead of the planned wind-down. The move includes workforce adjustments, with plans to cut up to 500 jobs over five years to streamline operations while maintaining high spending levels.

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Gates has long advocated for increased U.S. investment in vaccines and global health, recently calling for renewed federal funding amid concerns over declining support. His writings and posts on X (formerly Twitter) have focused on topics like diarrheal diseases, tribute to mentors in public health, and the urgency of combating antimicrobial resistance through new research consortia.

The foundation’s recent initiatives include partnerships to expand AI access in African primary health care systems and a global consortium launched in January to transform antibiotic discovery against the growing AMR crisis. Gates has also expressed interest in making weight-loss drugs accessible in lower-income countries through collaborations like those with the Pan American Health Organization.

Despite these forward-looking efforts, Gates faced significant backlash in early 2026 related to his past ties to Epstein, the convicted sex offender who died in 2019. Newly released U.S. Department of Justice documents, including draft emails attributed to Epstein, alleged connections involving Gates, prompting scrutiny.

In February, Gates canceled a keynote address at India’s AI Impact Summit just hours before it was scheduled, with the Gates Foundation citing the need to keep the event’s focus on priorities amid the controversy. The decision followed similar pullouts by other tech figures and came after reports of Gates apologizing to foundation staff in a meeting, where he reportedly took responsibility for the associations while denying any illicit activity. “I did nothing illicit. I saw nothing illicit,” he was quoted as saying in accounts of the session.

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Melinda French Gates, his ex-wife, publicly commented that Gates should “answer to those things” regarding the Epstein links. The foundation has repeatedly denied any financial payments to Epstein or employment of him. In March, Gates was among several high-profile individuals summoned to testify before a House committee investigating possible Epstein connections, alongside figures from Goldman Sachs and others.

Gates has maintained that his interactions with Epstein began in 2011 and ended by 2014, primarily in pursuit of philanthropic discussions, though he has acknowledged poor judgment in the association. The foundation issued statements affirming transparency and no wrongdoing.

Beyond philanthropy, Gates continues to pare down personal assets, including listing additional properties from his lakeside compound near Seattle. His net worth has fluctuated amid massive planned donations, with reports noting sharp drops tied to transfers to the foundation.

As 2026 progresses, Gates remains a vocal proponent of using technology for good, from AI in health care to clean energy innovations in places like Texas. His annual letter and foundation activities underscore a race against time to reverse health setbacks and achieve ambitious goals before the foundation’s 2045 sunset.

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Critics and supporters alike watch closely as Gates seeks to transform his wealth into lasting global impact while addressing lingering personal controversies. With child deaths on the rise and innovation accelerating, the coming months will test whether his “optimism with footnotes” translates into tangible gains for the world’s most vulnerable.

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UK holiday tax could cost 33,000 jobs and cut tourism spending, warns Oxford Economics

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removal of VAT-free shopping has caused tourist spending to shift towards other European countries

Proposed plans to introduce a “holiday tax” in England could put up to 33,000 tourism jobs at risk and reduce Treasury revenues by nearly £700 million, according to new analysis that has intensified opposition from the hospitality sector.

Research by Oxford Economics, commissioned by UKHospitality, suggests that giving regional mayors the power to impose visitor levies would have a materially negative impact on tourism demand, spending and wider economic activity.

Under the government’s proposals, mayors would be able to introduce local taxes on overnight stays in hotels, guesthouses, hostels and holiday lets, with revenues earmarked for transport and infrastructure projects. The level of the levy would be determined locally, and implementation would be optional.

The most severe scenario modelled, a 5 per cent levy on accommodation, could result in a £1.8 billion decline in tourism spending by 2030 and the loss of 33,000 jobs across the sector. The same scenario is also expected to reduce overall tax receipts by £688 million, reflecting lower economic activity.

Alternative models also point to significant impacts. A flat £2 per person per night charge could reduce spending by £846 million and lead to 16,000 job losses, while a £2 per room levy would still result in around 7,000 fewer jobs and a £400 million drop in tourism expenditure.

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Matthew Dass of Oxford Economics said the policy risks weakening the UK’s competitive position as a destination, particularly given the existing 20 per cent VAT rate applied to hospitality services.

“An additional tax would further weaken the country’s competitiveness,” he said, warning of broader negative consequences for the economy.

Leaders across the hospitality and tourism sector have reacted strongly to the proposals, arguing that additional costs would deter both domestic and international visitors at a time when the industry is already under pressure.

Allen Simpson, chief executive of UKHospitality, said the levy would “hike costs for Brits, make staycations more expensive and decimate tourism”.

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Operators warn that reduced visitor numbers would not only affect hotels and accommodation providers, but also have knock-on effects across local economies, particularly in regions heavily reliant on tourism for employment and investment.

Simon Palethorpe, chief executive of Haven Holidays, said the tax could discourage domestic travel and reduce economic activity in areas with limited alternative employment opportunities.

Meanwhile, Fiona Eastwood, head of Merlin Entertainments, said the proposals risk making short breaks unaffordable for many working families, while Hilton executive Simon Vincent warned the move could make the UK less attractive compared with competing destinations.

The government has framed the policy as a way to give local leaders greater control over funding for infrastructure and public services, particularly in high-traffic tourist areas. However, critics argue that the economic trade-offs may outweigh the potential benefits.

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The consultation on the proposals, which explored different levy structures and rates, concluded last month, with the government yet to confirm its final position.

The debate comes at a time when the hospitality sector is already facing a challenging operating environment, including rising employment costs, higher business rates and fragile consumer confidence.

For policymakers, the challenge lies in balancing the desire to generate additional local revenue with the need to maintain the UK’s competitiveness as a tourism destination.

Industry leaders are urging the government to focus instead on measures that stimulate growth, increase visitor numbers and support investment, rather than introducing additional costs that could suppress demand.

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With tourism playing a critical role in regional economies and employment, the outcome of the policy debate is likely to have far-reaching implications, not just for the sector itself, but for the broader UK economy.


Amy Ingham

Amy is a newly qualified journalist specialising in business journalism at Business Matters with responsibility for news content for what is now the UK’s largest print and online source of current business news.

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