Virgin Atlantic CEO says UK budget is 'tax on growth' with air duties set to rise

Virgin Atlantic CEO Shai Weiss criticized the U.K. Labour government’s October budget for imposing a “tax on growth” through increased Air Passenger Duty rates on the aviation industry, stressing the importance of recognizing aviation as a strategic asset for the U.K. Under Labour policy, APD rates will rise, with the Treasury citing inflation as a reason for the hike, leading to increased revenue generation but facing backlash from businesses due to the impact on air fares and the wider economy.

Full Article