Virgin Atlantic boss wants Tories to ground tax hike plans

Steve Ridgeway warns tax hikes will disproportionately damage the UK aviation industry

Written by David Jetuah

Virgin Atlantic's most senior figure is lobbying the Conservative Party to scrap plans to raise taxes on air travel if they come to power.

Air Passenger Duty is due to rocket in two phases by up to 113% by November next year. The first stage of the increase came into force on 1 November.

Advertisement

Steve Ridgeway warned the proposed increases would hurt the aviation industry and also damage the British economy, taxnews.com reported.

"It will also tax many hard working British holidaymakers out of flying altogether," said Ridgeway.

"We are therefore calling on the Conservatives to see sense on this issue and commit to scrapping the planned increase for 2010 if they are successful at the next election.

"Everyone knows the airline industry, along with the wider UK business community, will be severely damaged by these unjust future increases in APD."

  • Have your say
  • Send to a friend
  • Share
  • Print

Comments

White papers

Related jobs

More Accounting jobs

Spotlight

Cutting Pompey to the bone

Portsmouth administrator andrew andronikou has his work cut out saving...

Tell it like it is

Professional service firms have a responsibility to practice what they...

Profile: Eric Anstee

The former chief executive of the ICAEW has plenty to...

More finance jobs

Search thousands of finance jobs:

Find your next job

Hiring now on AccountancyAgeJobs.com:

Your next job

Related finance jobs

Search thousands of finance jobs:

Find your next job

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Newsletters

Have your say

Following the PBR, who do you think should reside in No. 11?
Alistair Darling
George Osborne
Vince Cable

Advertisement

White papers

How to make better financial decisions - Free FD Handbook

When reviewing your business and accounting software, this free two- part guide explains all you need to know.

The Future of the Financial Close: Automating Account Reconciliations and Review

Many firms have made account reconciliation automation the focus of their drive. This paper describes why.

More white papers

Advertisement

White paper library

Keep up to date with the latest products, services and technologies from the world's leading IT companies; IThound.com brings you over 6,000 white papers, case studies and analyst reports.