Britains trade deals will be hamstrung without airport expansion

Britains trade deals will be hamstrung

New research published today by the Let Britain Fly campaign has found that Britain’s attempts to grow trade outside of the EU will be hindered without airport expansion in the South East.

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The research, carried out by KPMG, shows that London is currently not directly connected to 128 of the biggest cities in the world.

Over the long run, this situation will get worse:

• By 2030 there will be 77 more cities than today with populations of over two million. Britain will have limited capacity to connect to any of them.

• Overall, we lack connections to 194 of the 309 cities that will have populations over two million in 2030 and our competitors already connect to 41 of these.

• 43 of these cities of these 194 missing connections will be in Asia Pacific, which also shows the highest growth in GDP per capita.

• 16 of those will be in China and 15 in India, both leading emerging markets, which will power global growth

Gavin Hayes, Director of Let Britain Fly, said: 

“Brexit makes airport expansion more important than ever because we urgently need to unlock access to new markets. Yet this cannot happen at scale without a new runway.”

James Stamp, global head of aviation, KPMG said: 

“Now, more than ever, UK plc needs to demonstrate both its ability and willingness to connect to trading partners and investors in the rest of the world. Making a positive commitment to vital UK aviation infrastructure will send a strong message that we are open for business, and would go a long way to alleviate the concern that we are missing those global connections that are so important for business, jobs, and growth.” 

The research, including a map of missing connections, is attached.

 

-Ends-

 

For more information, please contact:

Gavin Hayes, Director

T: +44 (0)20 7665 1435

E: gavin@letbritainfly.com

 

About Let Britain Fly

Let Britain Fly is the campaign to expand airport capacity in London and the South East to support jobs and growth.

Let Britain Fly is supported by a broad and wide strategic campaign coalition that includes business leaders, business organisations, trade and professional associations, trade unions, think tanks, academics and economists.

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff.  The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such. 

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