LONDON, Tuesday, 05 July 2016
On Thursday June 30th, Transport Secretary Patrick McLoughlin announced that the decision on airport expansion for Heathrow airport has been delayed until October at the earliest.
Last July, the Airport Commission recommended that Heathrow be expanded with an additional runway in the Northwest. That decision was delayed in December by the Government, who cited that work on noise, compensation and pollution needed to be handled prior to any expansion.
Over 170 of Britain’s business leaders, including the Chairman of BritishAmerican Business’ International Advisory Board, Sir Martin Sorrell, have urged that the government continue advancement on Heathrow’s expansion plan to benefit the UK economy in times of uncertainty.
Jeffries Briginshaw, CEO of BritishAmerican Business (BAB) said: “The decision to further delay the expansion of Heathrow cannot be of interest to any business operating in or via the UK. Now, more than ever, the UK needs to assert its commitment to remain a competitive and open player in the global market. This is particularly true for the UK-US economic relationship, worth one trillion dollars in investment and £214 billion in trade, as a guarantor for strength, stability and opportunity.”
BAB has advocated for an expansion of Heathrow for many years. We hope to see a swift decision by the UK government to reaffirm that the UK is ‘open for business’ and build upon existing economic relationships.
About BritishAmerican Business
BAB is the leading transatlantic business organization, dedicated to helping companies build their business on both sides of the Atlantic. Its membership brings together the world’s leading multinational and middle market companies across sectors and geographies; and more than 100 of the world’s most successful CEOs support its work through their participation in its Advisory Board. It incorporates the American Chamber of Commerce (UK) and the British-American Chamber of Commerce (USA), which merged in 2000 to create a single, pre-eminent transatlantic organization that support its members across the Atlantic.
For more information:
Contact: Rachel Reaney, Communications Manager
Tel: +44 (0)207 290 9888
Contact: Emanuel Adam, Director of Policy & Trade
Tel: +44 (0)207 290 9885