Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.Donate to our crowdfunder
I think it right at the start to declare an interest in this matter. I am a director of companies owning and operating hotels and restaurants, a fact which by now will be known to the right hon. Gentlemen opposite.
The other place has given us an opportunity to debate this Amendment with the benefit of up-to-date knowledge of decisions which are being taken by the hotel industry in the light of the Government's declared policy. These are decisions which should be taken into account by this House when deciding whether to accept or to reject this Amendment. I had intended to restrict my speech to what I considered to be the most vital points, but the President of the Board of Trade has again repeated one canard which I cannot allow to go without comment.
He referred to the fact that only 10 per cent. of the turnover of the hotel and catering industry was drawn from overseas visitors. I point out that in this year so far as the figures available to date indicate, when Commonwealth visitors are included the estimate of increased spending by overseas visitors on fares and in this country will be approximately £35 million and the total benefit to our balance of payments from spending by overseas visitors in 1966 will amount to £350 million.