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UK: Airline CEO’s respond to the Chancellor’s Autumn Statement

Airline CEO’s respond to the Chancellor’s Autumn Statement
Responding to the Chancellor’s Autumn Statement, Carolyn McCall from easyJet, Willie Walsh from IAG, Michael O'Leary from Ryanair and Steve Ridgway from Virgin Atlantic jointly said: “In the cause of UK economic recovery, Air Passenger Duty (APD) is an own goal - and the Chancellor has just scored another one. By increasing this tax by double the rate of inflation, he is further deterring inbound tourism and foreign investment, and choking off yet more job opportunities for young people.
APD has no international parallel and has already cost the UK economy 25,000 jobs - that is what the Government should focus on.
We call for the Chancellor to commission an independent study of APD's overall economic value. We have no doubt this would confirm that APD's negative impact on UK GDP significantly outweighs its revenue benefit for the Treasury.
This tax must be abolished.”

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29 November 2011
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