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19 November 2012 09:22
A study published by Heathrow says the lack of capacity at the airport is costing the UK £14 billion a year
The lack of extra capacity at Heathrow is costing the country £14 billion each year in lost business - increasing to £26 billion a year by 2030 - a new study published by the airport suggests.It may also be costing passengers' money on their travel insurance due to more delays and missed flight connections. Airport bosses would therefore like to see a third runway built in west London..
The study also said that Britain required one hub airport in order to compete with the rest of the continent, but stressed that having two airports act in this role (dual-hub plan) was not an effective solution. Joining Gatwick and Heathrow airports (Heathwick plan) by a railway was also labelled as "unviable" in the study.
Economics consultants Frontier Economics, which prepared the study, said: "The choice for the UK is not between two hubs or one, but between one hub or none. Only a single airport can operate as a hub in the UK. That leaves three options for the UK Government: It can do nothing and let the UK fall behind its European competitors at the cost of lost growth and jobs; it can add additional capacity at Heathrow; or it can close Heathrow and replace it with a new hub airport."
16 August 2018
Holidaymakers in the UK will be hit by more train price hikes from next year, after the Government announced ticket prices will increase by 3.2% in January.
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15 August 2018
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14 August 2018
Passengers arriving at Heathrow Airport last month faced queues of over two and a half hours at passport control, new figures have revealed.
11 August 2018
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07 August 2018
The head of British Airways has branded two-hour queues facing travellers at Heathrow's passport control as a "border farce."
04 August 2018
Simple factors such as gender and body mass can help doctors to personalise care for patients with type 2 diabetes and avoid harmful side effects, according to a study.
03 August 2018
Gatwick Express must no longer claim it runs "non-stop to Victoria station in half an hour" and "in just 30 minutes" unless it can achieve the time in most cases, a watchdog has ruled.
02 August 2018
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01 August 2018
A plan to build new rail links with Heathrow Airport and connect Windsor's two train stations have been submitted to the Government.