The British Chambers of Commerce (BCC) have released a report which says a third runway at Heathrow could add £30bn to the UK economy over 60 years, and that for every year it is delayed the economy loses between £900m and £1.1bn.
The report found that a third runway would save business passengers time and increase their productivity. BCC director general David Frost told the BBC: “Connectivity is vital to the UK economy as businesses seek to develop new global opportunities that will allow them to generate wealth and jobs. Without additional capacity at our major hub airport, we will continue to fall behind our continental competitors.”
The report said Heathrow’s shortage of capacity meant it was falling behind European competitors such as Amsterdam and Frankfurt and that over the last 20 years Heathrow had fallen from being the leading airport in Europe by destinations served, to fifth place.
The Society of British Aerospace Companies said the report was “a welcome reminder of how vital aviation is to the UK economy”.
Critics, including the 2M Group of local authorities who are presently seeking a judicial review of the Government’s approval of the runway, believe it would worsen current noise and air pollution levels and create intolerable congestion on local roads and public transport.