Heathrow hopes to land business rates relief

Adrian Lawrence Podcast

24-02-2021 • 2 mins

In today's episode Adrian Lawrence our resident financial expert talks about Heathrow airport which has been in news todays as it is struggling under the burden of its £20billion of debts.  Passenger numbers are down to 22million in 2020 from 80million 2019, levels not seen since the 1970's.

Heathrow is calling on the chancellor to grant them business rates relief in next week's budget and to extend the furlough scheme, it remains to be seen if the chancellor will be supportive of their rates request, though it appears certain furlough will be extended for longer in some form at least.

The airport group is also threathening the Civil Aviation Authority with legal action if it doesn't agree to it's request to increase landing fees something that will be strongly resisted by airlines.

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