Ryanair CEO Warns UK Economy at Risk Under Starmer and Reeves' Leadership

Ryanair CEO Michael OLeary warns that the UK economy will falter under Labour leadership, criticizing proposed tax hikes that threaten growth in the aviation sector.

Michael OLeary, CEO of "Ryanair", cautioned that the UK economy faces severe risks under the leadership of Sir Keir Starmer and Rachel Reeves ahead of the upcoming Budget.
OLeary specifically opposed further increases in air passenger duty (APD), which was raised last year, claiming it will stifle growth in the aviation industry.
With the potential for increased taxes on passenger flights looming, OLeary argues that such measures could hinder recovery efforts as the economy grapples with post-pandemic challenges.

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The warning from Michael OLeary highlights the delicate balance between taxation and economic growth, particularly in the airline industry. As the UK navigates recovery, decisions made by Labour leadership could have lasting impacts on both domestic and international travel sectors.