Additional aviation capacity at Heathrow and across the UK will be even more crucial for post-Brexit Britain if it is to retain its competitive edge a paper by Balfour Beatty, and that the programme for the delivery of a third runway at Heathrow needs to be accelerated.
In its aviation policy paper for post-Brexit Britain, “Getting off the Ground”, Balfour Beatty”, has outlined that a world-class airport hub is key to unlocking the growth of emerging markets. Conversely it warns a lack of direct connections to emerging markets will hold the economy back, with trade instead going to better connected countries.
The paper states that if work does not begin soon to increase capacity in the southeast, London and the UK will be overtaken by other major European cities as transport hubs. Balfour Beatty therefore not only backs plans to expand UK runway capacity including a third runway at Heathrow, but also calls for progress to be accelerated. It concludes that the vote to leave the EU must now be taken into account in considering the UK’s future aviation capacity needs.
Leo Quinn, Balfour Beatty Chief Executive, said: “In a post-Brexit Britain, international interconnectivity will be even more important so it is crucial that we start boosting our aviation capacity sooner rather than later in order to retain our competitive edge in a global market.”