ROME (Reuters) – Ryanair boss Michael O’Leary described the current economic situation in Britain as a “car crash” which he blamed on the country’s decision to leave the European Union.
“The mini budget was a kind of spectacular failure of the whole concept of Brexit,” he said during a news conference in Rome, adding that the first thing Britain needed was what he called a sensible trading agreement with the EU.
Britain’s new finance minister Jeremy Hunt scrapped Prime Minister Liz Truss’s economic plan and scaled back her vast energy support scheme on Monday, making a historic policy U-turn to try to stem a dramatic loss of investor confidence.
(Reporting by Alvise Armellini; Writing by Keith Weir, editing by Cristina Carlevaro)
