Lord Spicer
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(8 years, 4 months ago)
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Lord Spicer (Con)
My Lords, “Zac 1, United Kingdom 0” just about sums up my own view about the present situation, although I have to say that the Opposition are not throwing any particular light on the issue or coming up with any solutions of their own. Would the Minister at least concede that if this goes on for much longer, Heathrow Airport will drop out of the premier league of international airports; that Britain will be an island without an airport entry point commensurate with its economic size; and that the loss of jobs and investment will be massive, just at the time when some people think there is going to be an economic recession? Is this not a rather serious situation?
Lord Ahmad of Wimbledon
I thank my noble friend for his questions. He has been a consistent and vociferous questioner on this issue; indeed, he has another Question on the subject on Wednesday. He mentioned a particular scoreline. To get political for a moment, I certainly hope that there is a 1-0 scoreline when it comes to the May election in favour of my honourable friend in the other place.
My noble friend talked about the impact on the economy. I agree with him, and the Government feel very strongly that there is a need to make a decision that is based on the right decisions for the economy, the country and, as I have said specifically in my Statement, the environment.
We are now well connected. As my noble friend points out, there are constraints and they are beginning to bite. By 2040, all major south-eastern airports will be full. Failing to address this would cost passengers between £21 billion and £23 billion, and of course there would be wider indications for the economy, estimated to be in the region of £30 billion to £45 billion. However, with regard to the timetable of summer 2016 that I have talked about, the Davies commission reported that, whatever decision or option was chosen, we would need to complete by 2030. I assure the noble Lord that this would still allow for that decision to be taken and the appropriate expansion to take place in good time to meet the 2030 deadline.