The Chancellor has announced that Air Passenger Duty (APD) will be axed for under-12s from May 1, 2015, and for under-16s the following year.

Willie Walsh, Chief Executive of IAG, said:  “Scrapping APD for children might be popular with some voters and will definitely be welcomed by hard pressed families travelling on their summer holidays but it will do nothing to improve the UK economy.

“APD must be axed in its entirety not just for children. The UK still has the highest flying tax in the world and it should be abolished to allow the aviation and tourism industries to flourish, to the benefit of the wider UK economy”.