27 Sept 2008

Third Runway at Heathrow

Every time I see the expression 'City Grandee' I must cringe as it immediately produces the image of a worthy but not very effective person that may well be past his prime. The recent newspaper ad in favour of another runway at Heathrow Airport that was sponsored by an assortment of businesses created a similar effect. Worthy but way off mark. If the price mechanism rations traffic at Heathrow there should be more than enough capacity to cater for business passengers. In the age of higher fuel costs and limits on pollution there is no need to accommodate cut-price shopping flights to New York.

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