Ryanair chief executive Michael O’Leary described Labour Chancellor Rachel Reeves' decision to raise air travel taxes as a 'short-sighted tax grab'
The boss of Ryanair has claimed flights will be 'much more expensive' following this week's Budget announcement.
He described chancellor Rachel Reeves' decision to raise air travel taxes as "idiotic" and said it was a "short-sighted tax grab". He added the Budget had “damaged” UK growth prospects and “made air travel much more expensive”.Mr O'Leary said Ryanair would “review” its schedules and added the planned reduction could lead to as many as five million fewer passengers at UK airports.
He went on: “Chancellor Rachel Reeves idiotic decision to further raise the UK’s already high air travel taxes will deliver cuts, not growth.” Ryanair set a record for its passenger numbers in August, saying it carried 20.5 million people across the month. But its profits slumped 46 per cent earlier in the year, after average air fares fell by about 15 per cent in the three months to June.
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