Heathrow's third runway should be start of new pro-growth agenda

James Price June 05, 2018 2:30 PM

Responding to the news that the government has backed a third runway at Heathrow, John O’Connell, chief executive of the TaxPayers’ Alliance, said:

“The government finally making progress on big policy decisions like the Heathrow third runway is good news for the economy and for taxpayers. This announcement hopefully heralds the start of an ambitious pro-growth agenda, aimed at laying the groundwork for a global Britain.

In order to seize the opportunities ahead, the government should also relax planning laws, reduce the regulatory burden on SMEs and cut taxes. This would give Britain’s economy a welcome boost and enable businesses to compete on the world stage.”

The TPA released a report, ‘Britain after Brexit: A positive vision for taxpayers’ after the referendum result in 2016. It showcases pro-growth policies to boost the economy and help ease the burden on taxpayers. They were:

  •         A temporary VAT cut to 17.5 per cent, with a review after one year
  •         Cutting Corporation Tax to 10 per cent
  •         Scrapping the 45p rate of Income Tax
  •         Cancelling HS2 and reallocating some of the earmarked spending to more worthwhile and growth-enhancing projects
  •         Immediately authorising the expansion of both Heathrow and Gatwick airports
  •         Relaxing planning laws and speeding up the planning process to allow for a major programme of housebuilding
  •         Pressing ahead with strategic energy projects to ensure energy security and affordability for those on lower incomes

TPA spokesmen are available for live and pre-recorded broadcast interviews via 07795 084 113 (no texts)

Media contact
James Price
Campaign Manager, TaxPayers' Alliance
james.price@taxpayersalliance.com
24-hour media hotline: 07795 084 113 (no texts)