22-Mar-2012 2:52 PM

UK Government releases 2012 Budget; APD confirmed to increase

UK's Government released (21-Mar-2012) its 2012 budget, in which it confirmed the proposed increases to Air Passenger Duty (APD) will go ahead. Effective from 01-Apr-2012, APD will increase 8% and will increase again in 2013. In his budget release address, Chancellor George Osborne noted the country's restricted airport capacity, stating, "this country must confront that lack of airport capacity in the south-east. We cannot cut ourselves off from the fastest growing cities in the world". Specific details of whether a third runway at London Heathrow Airport would be the solution or construction of the proposed Thames Estuary Airport were not detailed. [more - original PR - Budget 2012]