Published on : Thursday, October 6, 2016
The benefits of Heathrow expansion could be delivered four years early, giving the British economy a £1.5bn ‘Brexit boost’ whilst a third runway is built, according to new proposals to be launched on the first day of the upcoming Conservative Party Conference.
The measures, which are subject to consultation, show that Heathrow could get more British exporters connected to more global growth when Britain leaves the EU by adding up to 25,000 additional movements on the existing runways in 2021, after permission is granted for a third runway.
As well as adding vital extra capacity on existing routes, the end of EU regulation offers an opportunity to ring-fence some of the new slots for “Brexit Boost Routes” including new domestic connections such as Humberside, Dundee, Newquay or Liverpool and new long-haul trade routes to growth markets such as Osaka, Kochi, Wuhan and Quito.
To help establish new domestic connections, Heathrow is proposing an extension of its existing £10 ‘domestic passenger discount’ for all flights to UK airports until 2037, as long as there is justification and it is deemed to be in the public interest. It will also bring forward its £10m ‘route development fund’ to 2021.
These measures will enable all of Britain to capitalise on new market opportunities in the early months of Brexit, supporting small and large exporters, boosting competition and reducing prices to consumers. They have been welcomed by airports across the country:
Source:- Heathrow Airport