Ryanair CEO Criticizes UK Government Over Planned Air Passenger Duty Hike
Ryanair CEO Criticizes UK Government Over Planned Air Passenger Duty Hike

Ryanair CEO Criticizes UK Government Over Planned Air Passenger Duty Hike

News summary

Ryanair CEO Michael O'Leary has strongly criticized the UK government, particularly Chancellor Rachel Reeves, for plans to increase air passenger taxes, warning that such policies will stifle economic growth and cause airlines to relocate flights to countries with lower taxes. O'Leary described the UK economy as "doomed" under the Labour government, arguing that growth would be better achieved through selective tax cuts rather than taxing air travel or wealth. He pointed to other European countries like Sweden, Hungary, Italy, and Croatia that have abolished environmental taxes and subsequently experienced economic growth. Ryanair reported a 42% rise in profits, with 119 million passengers flown in the first half of the year, underscoring strong demand despite the tax pressures. O'Leary also noted that rising taxes are driving wealthy individuals to leave London, further harming the economy. Ahead of the Autumn Budget on November 26, O'Leary has called for the reversal of the planned tax hikes on air travel to support the UK economy and regional growth.

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