Airport Rate Hikes: Holidaymakers Face Higher Travel Costs

Airports brace for soaring business rates, threatening to double passenger bills within three years. Heathrow and Gatwick face significant increases, with Heathrows bill projected to rise from £117 million to nearly £240 million. Karen Dee, Airports UK CEO, warns of higher prices, fewer choices, and potential expansion delays. Eurotunnel scraps UK investment due to high business rates. Treasury caps increases at 30% next year and 25% in subsequent years, but experts warn of substantial combined effect over three years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.