The UK chancellor Rishi Sunak has announced this years Government’s spending and taxation plans in todays Budget speech, announcing a myriad of measures vowing to “protect the jobs and livelihoods of the British people”.
Inesponce to today’s Budget, Heathrow CEO John Holland-Kaye said: “The Chancellor talks about protecting jobs and livelihoods, fixing the public finances and laying the foundations for the future economy, and yet he continues to ignore the UK’s aviation sector. He clearly doesn’t understand that all three depend on a strong aviation sector delivering the trade, tourism and investment that power vast parts of the British economy. Failing to even mention aviation, let alone provide full business rates relief for airports in today’s Budget, is a missed opportunity to ensure the sector can play a key role in the country’s economic recovery. The absence of any meaningful support from the Government in the face of tough restrictions which have ground travel to a halt will weaken the sector and limit UK growth at the time it is needed most.”