A new report published today undermines the economic case for building a third runway at Heathrow Airport. It shows that the Department for Transport (DfT) based part of its case for expansion on an Oxford Economic Forecasting (OEF) study commissioned by BAA, the company who own and manage Heathrow.
Unsurprisingly, the BAA funded study over- estimates the benefits of a third runway, assuming it would generate an extra 3 million business passengers contributing £400 each to the UK economy (making it worth £5billion over 70 years) - the DfT's original estimate was for half a million new business passengers spending around £120 each.
