You are here: Home - Uncategorized -

Brown taxes flights to the skies

0
Written by:
07/12/2006

Gordon Brown has announced that taxes on outgoing flights from the UK will double, a move particularly affecting families who may have to look for cheap travel insurance to compensate for the rise.

In most cases the increase in the tax means a jump to £10. But long-haul flights that go beyond the European Economic Area will attract taxes of up to £80, meaning that a family of four going to Disneyland in Florida, for example, now face stumping up £160 rather than the current £80, providing a strong incentive to compare travel insurance policies. If they decide to upgrade to the more comfortable ‘premium economy’ class, their tax will increase still further to £320.

Business travellers too will be hit by the move, which has attracted a lot of flak from the airlines. British Airways was incensed by the measure. “Air Passenger Duty is an extremely blunt instrument to use on the already hard-pressed commercial sector and will have an adverse impact on UK investment,” said a spokesperson. 

“Taxing hard-working families and British businesses like this is not the way address climate change. This is revenue-raising pure and simple and is treating air passengers as the equivalent of cash cows.”  

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Cats are the top dogs

A recent report on pets has revealed that people’s changing lifestyles have profoundly affected the pet health insurance market, with...

Close