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Tourist slump could cost UK £11 billion

A new report by Deloitte has cast shadows on the tourist industry suggesting that the UK and worldwide economic slowdown will dent UK income by somewhere in the region of £11 billion. The slowdown of visitors to the UK is also set to impact on employment numbers with around about 100,000 jobs currently at risk. There are also concerns about the forthcoming Olympics which are to be held in London in 2012 although the UK economy should be well back on its feet by then.

Tourism is a vital element of the UK economy and one which is often overlooked by those who live in the UK. Visitor numbers from the likes of America have dried up as experienced by the airlines who are seeing serious reductions in passenger numbers. Deloitte has also indirectly criticised the government suggesting that tourism is not promoted enough at the highest level and the UK tourist market could fall foul of new up and coming locations.

If this is the case there could be serious repercussions for the UK tourist industry and the millions of people employed either directly or indirectly by the sector. As the Olympics approach ministers are being urged to make the most of this once in a lifetime opportunity.

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