U.K. Budget Taxes Aviation Growth
This is a Virgin Atlantic news story, published by CNBC, that relates primarily to Shai Weiss news.
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Air Passenger DutyCNBC
•Virgin Atlantic CEO says UK budget is 'tax on growth' with air duties set to rise
87% Informative
Air Passenger Duty, generally passed on to consumers by airlines, will increase on short-haul economy class tickets to 15 from 13 from April 2026 , with the rate on all other classes rising to 32 from 28 .
The head of the Confederation of British Industry said businesses were putting off decisions on expansion and investment in the wake of the budget.
Virgin Atlantic CEO Shai Weiss said both Labour and the previous Conservative administration had "not done enough to recognize aviation as a strategic asset".
VR Score
91
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92
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71
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English
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61
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Source diversity
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