AirportsUK calls for clarity on proposed solution to address business rates
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Background ✨
CAPA reported that the UK's new airport business rates valuation system removed COVID-19 impact support, driving a significant rates increase and forcing approved projects, including London Heathrow's third runway, to be re-examined amid possible cost pass-through to airlines and passengers1. Manchester Airports Group said the Budget decision to more than double airports' business rates bills could prompt it to revisit plans to invest more than GBP2 billion over five years2.