Ryanair boss Michael O’Leary warns of Brexit impact on UK investment

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Ryanair boss Michael O&&num;8217&semi;Leary has warned that the budget airline will be forced to scale back British investment if the country votes to leave the European Union&period;<&sol;p>&NewLine;<p>Appearing on a platform with British Chancellor George Osborne at Stansted Airport&comma; Mr O&&num;8217&semi;Leary said that inward investment will be lost to competitor EU member states such as Ireland and Germany if Britain votes for Brexit&period;<&sol;p>&NewLine;<p>He also announced the creation of 450 new jobs in Britain as part of a &dollar;1&period;4bn &lpar;€1&period;23bn&rpar; investment into the Ryanair&&num;8217&semi;s 13 UK bases&period;<&sol;p>&NewLine;<p>Mr O&&num;8217&semi;Leary said&colon; &&num;8220&semi;It is this type of large-scale foreign inward investment that is helping to drive the UK economy and job creation&period;<&sol;p>&NewLine;<p>&&num;8220&semi;It is exactly this type of investment that will be lost to other competitor EU members if the UK votes to leave the European Union&period;&&num;8221&semi;<&sol;p>&NewLine;<p>The outspoken businessman also urged the British public to vote to Remain on June 23&period;<&sol;p>&NewLine;<p>He said&colon; &&num;8220&semi;The single market has enabled Ryanair to lead the low-fare air travel revolution in Europe&comma; as we bring millions of British citizens to Europe each year&comma; and welcome millions of European visitors to Britain&comma; and we are calling on everyone to turn out in large numbers and vote Remain&comma;&&num;8221&semi; he said&period;<&sol;p>&NewLine;<p>Mr O&&num;8217&semi;Leary was speaking at the opening of Ryanair&&num;8217&semi;s European Training Centre at Stansted&comma; which will create more than 1&comma;000 new jobs overall for pilots&comma; cabin crew and engineers this year&period;<&sol;p>&NewLine;<p>Charlie Cornish&comma; chief executive of Stansted owner Manchester Airports Group &lpar;MAG&rpar;&comma; said leaving the EU would be a &&num;8220&semi;huge backward step for UK aviation&&num;8221&semi;&period;<&sol;p>&NewLine;<p>The announcement comes after more than 300 business leaders urged Britain to vote to leave the European Union&comma; warning that the country&&num;8217&semi;s competitiveness is being undermined by its membership&period; In a letter to The Daily Telegraph&comma; they argued that businesses will be &&num;8220&semi;free to grow faster&comma; expand into new markets and create more jobs&&num;8221&semi; if they are unconstrained by EU rules&period;<&sol;p>&NewLine;<p>Signatories include Peter Goldstein&comma; a founder of Superdrug&semi; Steve Dowdle&comma; a former vice-president Europe of Sony&semi; David Sismey&comma; a managing director of Goldman Sachs&comma; 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