StockMarketWire.com - Responding to a report from the London Assembly Transport Committee claiming that London has enough airport capacity to meet its needs, Corin Taylor, Senior Economic Adviser at the Institute of Directors, said:

“The Committee is absolutely right that we must make better use of existing airports in the short-term, including airports outside of the South East. But this is not a long-term solution. Britain’s only hub airport is already full and all of London’s airports are set hit capacity over the next two decades.â€

“Heathrow is already losing out to other European hubs on new routes to high-growth economies, benefiting their businesses and tourism industry at the expense of ours. Only a new runway at Heathrow, which could be built with private capital, would provide the necessary volume of flights and range of destinations needed for British business to compete on the global stage.

“We have already seen too much indecision from politicians – every day we delay an opportunity for economic growth is lost.â€




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