{"id":241783,"date":"2025-11-03T18:13:14","date_gmt":"2025-11-03T18:13:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/241783\/"},"modified":"2025-11-03T18:13:14","modified_gmt":"2025-11-03T18:13:14","slug":"ryanair-boss-michael-oleary-says-high-tax-uk-economy-is-doomed","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/241783\/","title":{"rendered":"Ryanair boss Michael O\u2019Leary says high tax UK economy is \u2018doomed’"},"content":{"rendered":"

\t\t\tMonday 03 November 2025 12:54 pm
\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n

\t\t\tMonday 03 November 2025 12:55 pm\n\t<\/p>\n

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\"Michael\t\tRyanair’s Michael O’Leary lamented the health of the UK economy \t<\/p>\n

Michael O\u2019Leary<\/a> has said that the UK economy is \u201cdoomed to continue to fail\u201d until the tax burden starts to come down.\u00a0<\/p>\n

Asked on Sky News<\/a> about what advice he would offer ahead of the Budget, the Ryanair<\/a> chief said Rachel Reeves should reduce Air Passenger Duty (APD) and reverse \u201ccrazy\u201d planned hikes to the tax.\u00a0<\/p>\n

The low-cost airline boss said: \u201cWe support growth. But Rachel Reeves hasn\u2019t the rashers how to deliver growth.\u201d\u00a0<\/p>\n

He added that the Labour government is \u201ctaxing ordinary families at a rate of 33 per cent\u201d.\u00a0<\/p>\n

The comments follow another strong set of financial results for the airline, in its half-year update on Monday morning<\/a>, with pre-tax profit up 40 per cent from the same period last year to \u00a32.2bn.\u00a0<\/p>\n

Ryanair had 119m passengers, up three per cent from last year, with the average airfare up 13 per cent to \u00a350.90.\u00a0<\/p>\n

Its shares were up 1.5 per cent \u2013 up to 62.48p \u2013 on Monday morning.\u00a0<\/p>\n

\t\t\t\t\tRead more<\/p>\n

\t\t\tGoldman Sachs chief warns Rachel Reeves against bank tax<\/a><\/p>\n

The firm said its improved Boeing aircraft helped it bolster flight capacity for peak travel periods such as October school holidays and Christmas.<\/p>\n

Airports outside of London hit hardest<\/p>\n

O\u2019Leary said that London airports are better shielded against the force of APD hikes, as they are \u201cfull and can pay the taxes\u201d, but that airports outside the capital are in a trickier position.\u00a0<\/p>\n

He said with regards to \u201cnon-London airports\u201d that there is \u201cenormous growth available to this Labour government in airports like Manchester, Liverpool, Birmingham, Glasgow, Edinburgh\u201d.<\/p>\n

\u201cAirports that are being under-used. But that growth is being stifled by her crazy decision to increase APD by two pounds.\u201d\u00a0<\/p>\n

Of the outlook for the UK economy going forward, the Ryanair boss said: \u201cAnd until she starts cutting these insane taxes and stops trying to tax wealth, the UK economy is doomed to continue to fail.\u201d<\/p>\n

\u201cAnd in a bizarre way that\u2019s probably good for Ryanair\u2019s business, because as people get more price sensitive, more and more of them will fly Ryanair.\u201d<\/p>\n

\t\t\t\t\tRead more<\/p>\n

\t\t\tRachel Reeves mulls bank tax amid scramble to fill fiscal hole<\/a><\/p>\n

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\t\t\tPeople & Organisations\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Monday 03 November 2025 12:54 pm \u00a0|\u00a0\u00a0Updated:\u00a0 Monday 03 November 2025 12:55 pm Share Facebook Share on Facebook…\n","protected":false},"author":2,"featured_media":241784,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[3094,84,1294,2053,708,1768,2200,74121,50,1445,2122,101753,56,1893,735,54,55],"class_list":["post-241783","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-birmingham-airport","tag-business","tag-economy","tag-labour-party","tag-liverpool","tag-manchester","tag-manchester-airport","tag-michael-oleary","tag-news","tag-rachel-reeves","tag-ryanair","tag-transport-and-infrastructure","tag-uk","tag-uk-economy","tag-uk-government","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/241783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=241783"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/241783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/241784"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=241783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=241783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=241783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}