The Government has today announced that a decision on Heathrow will be delayed until a new leader of the Conservative party/Prime Minister is elected in September.
This follows a delay in July of last year to December, and a delay from December to 'summer 2016'.
The Airports Commission had previously given its unanimous backing to a new runway at Heathrow to boost flights. Manufacturers also back Heathrow expansion against rival Gatwick.
In our view, a decision on Heathrow would have sent a good sign that post-Brexit Britain is still open for business. Heathrow is a global freight hub and is important for freight access to emerging markets.
Our blog yesterday highlighted the dependence we have on trade to the EU, post-Brexit Britain will need a pivot.
Our new survey of members shows Heathrow is still the standout favourite
Across a range of arguments
Latest trade data shows Heathrow is crucial to access to emerging markets
47% of our exports by value to China in the 12 months to April 2016 went via Heathrow
A commitment from Government now would have been a positive message to the world that post-Brexit Britain is open for business and would demonstrate support for British business in these uncertain times.
One of EEF’s key asks following the EU referendum is on ensuring further focus on an integrated domestic policy to support investment, competitiveness and export performance. It's now up to leadership contenders to reassure firms that Britain will be open for business to support this ambition.