Many business heavyweights, representing half a million companies, has urged the Prime Minister to “crack” with a third runway Heathrow airport or risk losing trade.
KBR Carolyn Fairbairn of the British chambers of Commerce Adam Marshall and Steven Gipson from the production organization of the WEF, among the signatories of the letter calling on Theresa may to vote on the expansion of Heathrow fast.
The project is “important” to trade in the UK, they claim. Intervention is almost 50 years since that day, as the roskill Commission was established to look at airport expansion in the South-East.
“Half a century later, the need to get along with the expansion of production capacity in the UK airport is more urgent than ever,” the letter seen in “the Sunday Telegraph” says.
Prime Minister Theresa may has promised to hold a vote on the proposed expansion of Heathrow by the end of June
“The choice for additional hub capacity is not between Heathrow or any other airport in the UK, but between Heathrow and other European hubs.
“Frankfurt, [Amsterdam] Schiphol [Paris] Charles de Gaulle pulled forward due to the UK – at the expense of our enterprises as our major ports is limited, forcing global investors and agents to go elsewhere in Europe.”
In the letter the signatories, which also include the London chamber of Commerce and Institute of Directors, claim thousands of jobs will be created mostly outside of London – with four of the office work centres Heathrow plans to use to reduce the environmental impact of the airport.
Evaluating the potential impact, if the extension has not been granted, the letter says Heathrow was the country’s largest port by value and worked at 98pc capacity. The main export routes such as Shanghai, Delhi and Dubai are the “almost all”, that rival airports in Europe can only attract business from Heathrow.
Supporters of Heathrow expansion argue that this is necessary because the load capacity of the airport is operating near full
“The world is waiting for British companies, but she won’t wait forever,” the letter concluded.
“If we don’t do it now, after decades of debate, Britain will not become a world trade powerhouse we know it can be.
“We therefore urge the government to hack the vote on the expansion of Heathrow as soon as possible”.
The government has pledged to hold a vote about the national policy, the initial form of building permits, by the end of June. If it passes, then Heathrow will be able to make a detailed plan for its third scheme of the runway.