Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

New airport owners face business rates leap

19 June 2024
 

Heathrow is set to face a £100m annual rise in business rates from 2026, as a new calculation formula kicks in. The charge has been estimated to leap from £200m to £300m over three years starting in 2026. Heathrow is already the UK’s largest business rates payer.

The increased rates bill comes as a Saudi-led consortium recently agreed to acquire control of the airport, reducing the British shareholder,

the Universities Superannuation Scheme, to just 2.1 per cent. The...

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