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CBI: Runway delay would have 'very real economic cost'

Katja Hall, the CBI's deputy director general. Credit: CBI

The CBI is to tell a conference in London that delaying a decision to build a new runway and increase capacity would have a "very real economic cost for our country".

When it comes to airport capacity, time is money. We're not just missing out on global opportunities, but paying an economic price right here in the UK.

Our failure to increase flights to BRIC countries alone will cost the UK as much as £31 billion in lost trade in the period it takes to build a new runway.

That's just from a lack of flights to the BRIC countries - just the tip of the iceberg.

We need to get the legal process under way before the end of the year, and Parliament needs to get behind it. If it does that, we could see spades in the ground by 2020, with a new runway online between 2025 and 2030, and the whole country reaping the benefits by 2040.

– Katja Hall, the CBI's deputy director general

CBI: UK could lose £31bn in trade over runway capacity

Fresh research shows that Britain could lose up to £31 billion in trade by 2030 because of the failure to increase flights to Brazil, Russia, India and China alone.

CBI: UK could lose £31bn in trade over runway capacity. Credit: PA

The report shows the "stark" need to build a new runway at Heathrow, as recommended last week by the Airports Commission, the Confederation of British Industry said. The business group warned that delays to a more runway capacity beyond 2030, the annual cost to the UK economy in lost trade with the so-called "BRIC" countries could be up to an additional £5.3 billion, which will rise each subsequent year.

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USA beat Japan 5-2 to win women's football World Cup

The United States won the Women's World Cup thrashing Japan 5-2.

USA beat Japan 5-2 to win women's football World Cup. Credit: PA

America not only captured a title that has eluded them for 16 years but also avenged their 2011 final defeat against the same opponents.

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