The chairman of Jet2 has launched a blistering attack on Chancellor Rachel Reeves' first budget, labelling it "anti-business" and warning it could severely damage Britain's aviation industry.
Philip Meeson didn't hold back in his criticism of the new Labour government's financial plans, suggesting the measures could make UK airlines less competitive against European rivals and potentially force holidaymakers to pay more for their trips abroad.
Business Leader's Stark Warning
In a remarkably frank statement, Meeson declared: "The budget was anti-business, anti-growth, anti-inward investment, anti the individual and anti aspiration." His comments represent one of the most significant business reactions to Labour's debut budget since taking power.
The Jet2 boss specifically targeted the government's decision to maintain the current air passenger duty (APD) regime, which he argues puts British carriers at a distinct disadvantage compared to their European competitors.
Competitiveness Concerns Mount
Meeson expressed particular concern about how the budget measures might affect Jet2's ability to compete effectively in the market. "The budget does nothing to improve the competitiveness of UK airlines versus our European counterparts," he stated bluntly.
The aviation veteran warned that the government's approach could have serious consequences for both businesses and consumers, potentially driving up costs across the travel industry at a time when many families are already feeling the pinch from the cost of living crisis.
Industry Implications
The strong reaction from one of Britain's major airline executives highlights the challenges facing the new government as it attempts to balance fiscal responsibility with supporting key industries. The aviation sector, still recovering from the pandemic's devastating impact, now faces additional uncertainty about its future operating environment.
Meeson's comments suggest the business community is watching closely to see how the Labour government's policies will affect different sectors of the economy, with the travel industry appearing particularly concerned about the new fiscal direction.
