UK: Businesses break ranks to lobby against new Heathrow runway
Date: 4 May 2009
A group of senior business leaders have broken the business consensus in favour of airport expansion to oppose the government's plans for a third runway at Heathrow on environmental grounds.
Leading figures such as Ian Cheshire, CEO of Kingfisher, Russell Chambers of Credit Suisse, Justin King CEO of Sainsbury and Charles Dunstone of Carphone Warehouse, have signed an open letter calling on the government to reconsider its plans.
Previously, organised business lobby groups such as the CBI had supported plans for a new runway on the grounds of the benefits to business. The group said it had been prompted to act by the need to show that there were members of the business community that were opposed, rather than to allow the assumption to be that all businesses must be in favour.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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