Michael O’Leary the chief executive of Ryanair has predicted that Rachel “deadbeat” Reeves will “make a balls of the Budget” and she could be sacked by Christmas.
O’Leary said that Reeves is unfit to be the Chancellor as she just “doesn’t get business and certainly doesn’t get growth.”
Unless the Chancellor prioritises measures to breath life in to the economy and not raise taxes even further on working people she has no chance of remaining in her job, O’Leary believes.
O’Leary said, “Reeves will get fired or fall on her sword in the next 12 months. She’ll make a balls of the Budget and I don’t think she’ll still be there at Christmas.
“They’ll have a new chancellor with a three-and-a-half-year run into the next election who can move away from these unsustainable commitments that they won’t raise taxes.”
O’Leary believes that Labour will “start moving on raising income tax, corporation tax and maybe VAT, but start cutting taxes surgically where they can”.
He added, “I don’t think they have any appetite for real cuts, but it doesn’t matter what their core membership thinks.
“They’re not going to get re-elected if they don’t deliver growth.”
O’Leary dismisses the Chancellor’s argument that Labour inherited the so-called black hole from the Conservatives.
He said, “The black hole wouldn’t be quite so big if the first two initiatives of the Labour Government had not been to pay off the junior doctors and the train drivers.
“I don’t think Labour has much credibility. I don’t think there is a lot of brain power at the top of the party.”
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