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O’Leary warns cap on energy prices could ‘bankrupt’ UK economy
The Ryanair chief executive compared the move by Liz Truss’ government to the Irish bank guarantee
Michael O’Leary has likened the British government’s decision to cap energy prices to the Irish bank guarantee and warned it could “bankrupt” the UK economy.
Liz Truss, the British Prime Minister, earlier this month set out plans to freeze energy bills for households. She said the new “price guarantee” meant households would pay no more than £2,500 a year for two years. The British government hasn't said how much the price cap will cost, but ...
